W.H. Cornerstone Investments Inc. Increases Stake in Air Products and Chemicals, Inc. $APD

W.H. Cornerstone Investments Inc. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 14.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,464 shares of the basic materials company’s stock after buying an additional 551 shares during the period. Air Products and Chemicals accounts for about 0.8% of W.H. Cornerstone Investments Inc.’s holdings, making the stock its 29th biggest holding. W.H. Cornerstone Investments Inc.’s holdings in Air Products and Chemicals were worth $1,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Westside Investment Management Inc. increased its stake in shares of Air Products and Chemicals by 228.1% in 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 last quarter. Financial Connections Group Inc. raised its holdings in shares of Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $37,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on APD. Royal Bank Of Canada decreased their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $316.54.

Air Products and Chemicals Stock Up 0.4%

Shares of NYSE:APD traded up $1.03 during trading hours on Thursday, reaching $262.58. The stock had a trading volume of 123,101 shares, compared to its average volume of 1,252,396. The stock has a market capitalization of $58.44 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 5.16 and a beta of 0.81. The firm’s 50 day moving average is $267.02 and its 200-day moving average is $278.02. Air Products and Chemicals, Inc. has a 1 year low of $235.55 and a 1 year high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $3.56 EPS. 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. Research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share 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.