Waverly Advisors 13F: Adds $290K to APD Stake
Waverly Advisors increased its holdings in Air Products and Chemicals by 3.15%, reaching a total of 32,003 shares.
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Waverly Advisors added 977 shares to its stake in Air Products and Chemicals, Inc. ($APD), a 3.15% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 32,003 shares worth $9.49 million at the end of the quarter.
Since the filing, $APD is down 2.0% after 1 week, down 4.2% after 1 month and up 2.7% to date (from the $291.65 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
APD
Air Products and Chemicals, Inc.
Key Points
- Waverly Advisors increased its stake in Air Products and Chemicals by 3.15%, adding 977 shares for a total of 32,003 shares valued at $9.49 million.
- Air Products and Chemicals has a market cap of $65.3 billion, a P/E ratio of 30.86, and trades near $296.51 with a 52-week range of $229.11 to $307.96.
- Insider Melissa Schaeffer sold 2,714 shares on May 1, 2026, while analysts maintain a 'buy' consensus with a target mean price of $327.86.
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Waverly Advisors has increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.15%, as per its latest 13F filing with the SEC. The firm added 977 shares during the reporting period, bringing its total holdings to 32,003 shares valued at approximately $9.49 million.
Waverly Advisors vs. the S&P 500
Hypothetical returns from Waverly Advisors's disclosed trades, not real profit or advice. How we model this.
What Changed in Waverly Advisors' Air Products and Chemicals Position
Waverly Advisors boosted its position in Air Products and Chemicals by 977 shares, resulting in a 3.15% increase. The firm now holds 32,003 shares, up from 31,026 shares, with an estimated value of $9.49 million.
Other Institutional Activity in Air Products and Chemicals
Several other institutional investors also adjusted their positions in Air Products and Chemicals. BlackRock, Inc. trimmed its holdings by 45,511 shares, maintaining a total of 18,054,436 shares worth about $5.24 billion. Vanguard Capital Management LLC opened a new position with 14,467,316 shares valued at approximately $4.20 billion. Meanwhile, State Street Corp increased its holdings by 198,991 shares to a total of 10,110,495 shares, valued at around $2.94 billion.
Air Products and Chemicals, Inc. Stock Up 4.3%
Shares of NYSE:APD traded near $296.51 on Wednesday. The company boasts a market capitalization of $65.3 billion and a P/E ratio of 30.86. It has a 52-week low of $229.11 and a high of $307.96. The stock's 50-day moving average is $289.77, while the 200-day moving average stands at $273.64. Air Products and Chemicals has a current ratio of 1.43 and a quick ratio of 0.99.
Recent Earnings
Air Products and Chemicals reported revenue of $12.46 billion, reflecting a growth rate of 8.8%. The company's net margin stands at 16.9%, with a return on equity of 12.35%. Earnings per share (EPS) is reported at $9.50. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 3.4%. Revenue beat estimates by 2.4%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin up 1.6 points. Operating margin up 103.6 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered strong underlying results with adjusted operating income up 12 percent and margins expanding to 24.4 percent despite sluggish economic conditions. Pricing actions and productivity drove gains across segments, though helium sales fell about 4 percent for the year due to tough prior-year comparisons. Management remains focused on disciplined capital spending, the Darrow ammonia project negotiations with Yara, and bringing new assets online in electronics and aerospace sectors.
Guidance Air Products kept its full-year profit guidance at $12.85 to $13.15 per share, expecting 7 to 9 percent growth. For the next quarter, they said earnings would be $2.95 to $3.10 per share, about 10 to 15 percent higher than last year. The company faces helium weakness but sees pricing gains offsetting that.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
The company pays an annual dividend rate of $7.24, yielding 2.47%. The dividend payout ratio is 75.66%.
Insider Buying and Selling at Air Products and Chemicals, Inc.
On May 1, 2026, Executive Vice President and CFO Melissa Schaeffer sold 2,714 shares at an average price of $303.76. Mantle Ridge LP also made several sales on February 12, 2026, including 70,175 shares at $284.21 each.
Analysts Set New Price Targets
On May 5, 2026, Morgan Stanley maintained a 'hold' rating on the stock with a price target of $310. RBC Capital upheld its 'buy' rating with a target of $341. UBS and JP Morgan also maintained their ratings, setting targets at $316 and $330, respectively. The consensus among 21 analysts is a 'buy' recommendation, with a target mean price of $327.86.
About Air Products and Chemicals
Air Products and Chemicals, Inc. is a leading supplier of atmospheric and process gases, specialty chemicals, and related equipment. Headquartered in Allentown, Pennsylvania, the company serves industries such as refining, chemical, electronics, and energy production across the globe. Under the leadership of CEO Mr. Eduardo F. Menezes, the company employs over 21,000 people worldwide.
Bottom Line
Waverly Advisors' increased position in Air Products and Chemicals suggests continued interest in the specialty chemicals sector. Investors track such moves for insight into institutional sentiment. Remember, 13F filings reflect past holdings and may not indicate current positions.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $APD (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts