Air Products and Chemicals, Inc. $APD Holdings Decreased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 35.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,627 shares of the basic materials company’s stock after selling 8,405 shares during the period. Texas Permanent School Fund Corp’s holdings in Air Products and Chemicals were worth $4,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Oak Capital LLC boosted its stake in Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after buying an additional 1,180 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Air Products and Chemicals by 1.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 74,225 shares of the basic materials company’s stock valued at $20,936,000 after purchasing an additional 1,300 shares in the last quarter. Revisor Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares during the last quarter. Chapin Davis Inc. raised its holdings in shares of Air Products and Chemicals by 16.1% in the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after purchasing an additional 1,551 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Air Products and Chemicals by 10.4% during the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock valued at $16,258,000 after purchasing an additional 5,430 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 1.6%

Shares of NYSE APD opened at $246.17 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $341.14. The business has a 50-day moving average price of $252.93 and a two-hundred day moving average price of $274.48. The firm has a market capitalization of $54.79 billion, a PE ratio of -138.30, a PEG ratio of 2.38 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.56 earnings per share. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -402.25%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APD. UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the company from $310.00 to $250.00 in a report on Thursday, December 11th. Citigroup cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $300.00 to $245.00 in a report on Monday. Wall Street Zen downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Sunday. Wolfe Research reissued an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, December 8th. Finally, Mizuho set a $300.00 price objective on Air Products and Chemicals in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $298.47.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.