Cornerstone Advisors LLC Has $1.78 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Cornerstone Advisors LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the basic materials company’s stock after selling 400 shares during the quarter. Cornerstone Advisors LLC’s holdings in Air Products and Chemicals were worth $1,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APD. Saudi Central Bank acquired a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals during the first quarter worth $27,000. Westside Investment Management Inc. raised its stake in Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 73 shares during the last quarter. Financial Connections Group Inc. lifted its holdings in 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. Finally, Ransom Advisory Ltd bought a new stake in Air Products and Chemicals during the first quarter valued at $37,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. Wells Fargo & Company lowered their price objective on Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Finally, Mizuho set a $300.00 target price on shares of Air Products and Chemicals in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.75.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $259.50 on Monday. The stock’s 50 day moving average is $265.89 and its 200-day moving average is $277.94. Air Products and Chemicals, Inc. has a twelve month low of $235.55 and a twelve month high of $341.14. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $57.75 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 5.16 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the business posted $3.56 EPS. Air Products and Chemicals’s quarterly revenue was down .6% on a year-over-year basis. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.