Korea Investment CORP Reduces Position in Air Products and Chemicals, Inc. $APD

Korea Investment CORP decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,482 shares of the basic materials company’s stock after selling 3,549 shares during the period. Korea Investment CORP’s holdings in Air Products and Chemicals were worth $35,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new position in shares of Air Products and Chemicals in the second quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $28,000. Abound Wealth Management lifted its holdings in shares of Air Products and Chemicals by 292.3% during the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Caitlin John LLC purchased a new stake in Air Products and Chemicals in the third quarter valued at approximately $30,000. Finally, Cloud Capital Management LLC acquired a new position in Air Products and Chemicals in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9%

Air Products and Chemicals stock opened at $274.52 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $316.39. The stock’s 50 day simple moving average is $270.62 and its two-hundred day simple moving average is $266.18. The firm has a market cap of $61.13 billion, a PE ratio of -181.80, a P/E/G ratio of 2.67 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $2.86 EPS. The business’s revenue was up 5.8% on a year-over-year basis. 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. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

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

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APD. UBS Group raised their price target on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Mizuho cut their price objective on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Weiss Ratings cut shares of Air Products and Chemicals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $255.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $295.88.

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.