Strs Ohio Purchases 54,157 Shares of Air Products and Chemicals, Inc. $APD

Strs Ohio increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 36.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,368 shares of the basic materials company’s stock after acquiring an additional 54,157 shares during the period. Strs Ohio owned about 0.09% of Air Products and Chemicals worth $55,463,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Connections Group Inc. increased its stake in shares of Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the period. Meadow Creek Wealth Advisors LLC increased its position in shares of Air Products and Chemicals by 1.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after buying an additional 35 shares during the period. YANKCOM Partnership lifted its holdings in Air Products and Chemicals by 1.3% in the second quarter. YANKCOM Partnership now owns 2,805 shares of the basic materials company’s stock valued at $791,000 after buying an additional 35 shares during the period. Atlatl Advisers LLC grew its holdings 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 acquiring an additional 37 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Air Products and Chemicals by 7.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 37 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $263.68 on Friday. The stock’s 50-day moving average is $253.60 and its 200 day moving average is $269.85. The stock has a market cap of $58.69 billion, a price-to-earnings ratio of -148.13, a P/E/G ratio of 2.59 and a beta of 0.87. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $341.14. 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 (NYSE:APD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the firm posted $3.56 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Air Products and Chemicals’s payout ratio is -402.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on APD shares. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Citigroup increased their price target on shares of Air Products and Chemicals from $245.00 to $272.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus reduced their price objective on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price target for the company from $310.00 to $250.00 in a research report on Thursday, December 11th. Finally, Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.80.

Air Products and Chemicals Company 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.