Air Products and Chemicals, Inc. $APD Stock Position Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,878 shares of the basic materials company’s stock after selling 6,343 shares during the period. New York State Teachers Retirement System’s holdings in Air Products and Chemicals were worth $40,234,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in APD. Dakota Community Bank & Trust NA lifted its stake in Air Products and Chemicals by 5.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock valued at $187,000 after buying an additional 38 shares during the last quarter. Journey Strategic Wealth LLC grew its position in shares of Air Products and Chemicals by 3.7% during the third quarter. Journey Strategic Wealth LLC now owns 1,085 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 39 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of Air Products and Chemicals by 1.0% in the 3rd quarter. Essex Financial Services Inc. now owns 4,239 shares of the basic materials company’s stock worth $1,156,000 after acquiring an additional 40 shares during the period. Hunter Associates Investment Management LLC lifted its position in Air Products and Chemicals by 2.9% in the 4th quarter. Hunter Associates Investment Management LLC now owns 1,423 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 40 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its stake in Air Products and Chemicals by 4.9% during the 4th quarter. Patton Fund Management Inc. now owns 863 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 40 shares during the period. 81.66% of the stock is owned by institutional investors.

More Air Products and Chemicals News

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Q2 beat and guidance raise — Air Products reported adjusted Q2 EPS of $3.20 vs. consensus ~$3.06 and raised FY2026 adjusted EPS guidance to $13.00–13.25 (above prior outlook). Management cited stronger pricing, helium strength and new assets coming online. Q2 Results Release
• Positive Sentiment: Analyst upgrades and higher price targets — JPMorgan raised its target to $330 (overweight) and Wells Fargo to $340 (overweight), providing additional buy-side momentum. These lifts signal growing street confidence and imply double-digit upside vs. current levels. Benzinga
• Positive Sentiment: Capital discipline / capex reduction target — Management and press coverage note efforts to target ~$1B of capex reductions, which supports near?term cash flow and EPS durability. MSN
• Positive Sentiment: New commercial wins and helium positioning — Company disclosed strategic wins (Samsung semiconductor supply, NASA/Artemis support) and steps to strengthen helium supply (increased U.S. production, storage/liquefaction) — supportive for longer?term growth and pricing. Q2 Results Release
• Neutral Sentiment: Investor resources and transcripts — Multiple analyst notes, earnings call transcript and slide deck are available for deeper review; these are informational but don’t change the near?term narrative. Earnings Transcript
• Neutral Sentiment: AISTech trade show presence — Air Products will showcase low?carbon iron & steel solutions at AISTech2026 and donate to the AIST Foundation; positive from an ESG/business development angle but more long-term. AISTech2026
• Negative Sentiment: Profitability nuance — Some published summaries note a negative net margin metric (reflecting non?GAAP adjustments or one?time items), which is a reminder to vet GAAP vs. adjusted figures and any transient charges when modeling earnings. MarketBeat Earnings Summary

Analysts Set New Price Targets

Several equities research analysts have commented on APD shares. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research note on Friday. UBS Group increased their price objective on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Mizuho set a $345.00 price target on Air Products and Chemicals in a research report on Friday. Finally, Royal Bank Of Canada increased their price target on Air Products and Chemicals from $325.00 to $338.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $318.24.

Air Products and Chemicals Trading Up 0.4%

Shares of NYSE:APD opened at $301.11 on Friday. The company has a 50 day moving average of $288.71 and a 200-day moving average of $268.96. The firm has a market cap of $67.04 billion, a P/E ratio of -199.41, a P/E/G ratio of 2.82 and a beta of 0.80. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $307.29. The company has a current ratio of 1.43, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business earned $2.69 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 13.05 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, August 10th. Stockholders of record on Wednesday, July 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s payout ratio is currently -476.82%.

Insider Buying and Selling at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the company’s 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 completion of the sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.88% of the stock is currently owned by company insiders.

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.