Public Sector Pension Investment Board Buys 2,418 Shares of Air Products and Chemicals, Inc. $APD

Public Sector Pension Investment Board increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 14.3% during the 3rd quarter, Holdings Channel reports. The firm owned 19,293 shares of the basic materials company’s stock after acquiring an additional 2,418 shares during the quarter. Public Sector Pension Investment Board’s holdings in Air Products and Chemicals were worth $5,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Traub Capital Management LLC bought a new position in Air Products and Chemicals in the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $28,000. Abound Wealth Management raised its holdings in shares of Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Westside Investment Management Inc. lifted its position in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 73 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in Air Products and Chemicals in the third quarter valued at approximately $34,000. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the sale, the director directly owned 93,499 shares in the company, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of several analyst reports. Argus cut their price target on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $250.00 to $270.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Jefferies Financial Group raised their price objective on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Mizuho lowered their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Eight 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $295.88.

Air Products and Chemicals Price Performance

Shares of APD opened at $280.80 on Friday. The stock has a market cap of $62.52 billion, a PE ratio of -185.96, a P/E/G ratio of 2.77 and a beta of 0.87. 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, Inc. has a 1-year low of $229.11 and a 1-year high of $321.47. The firm has a 50-day simple moving average of $262.90 and a two-hundred day simple moving average of $267.61.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

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

About Air Products and Chemicals

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.