State of New Jersey Common Pension Fund D Grows Stock Holdings in Air Products and Chemicals, Inc. $APD

State of New Jersey Common Pension Fund D lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,890 shares of the basic materials company’s stock after buying an additional 3,365 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Air Products and Chemicals were worth $21,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Meadow Creek Wealth Advisors LLC boosted its stake in Air Products and Chemicals by 1.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after acquiring an additional 35 shares in the last quarter. YANKCOM Partnership boosted its position in shares of Air Products and Chemicals by 1.3% in the 2nd quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock worth $791,000 after purchasing an additional 35 shares in the last quarter. Atlatl Advisers LLC grew its stake in Air Products and Chemicals by 2.5% during the 2nd quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after buying an additional 37 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in Air Products and Chemicals by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock valued at $160,000 after buying an additional 37 shares in the last quarter. Finally, Sage Capital Advisors llc raised its stake in Air Products and Chemicals by 0.3% in the third quarter. Sage Capital Advisors llc now owns 14,930 shares of the basic materials company’s stock valued at $4,072,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. UBS Group boosted their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Mizuho cut their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $295.88.

Air Products and Chemicals Stock Down 4.0%

APD stock opened at $279.95 on Monday. The company has a market capitalization of $62.33 billion, a P/E ratio of -185.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $321.47. The firm’s fifty day simple moving average is $259.41 and its 200-day simple moving average is $267.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.6%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio is -474.17%.

Insiders Place Their Bets

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the sale, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.88% of the company’s stock.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.