Air Products and Chemicals, Inc. $APD Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 77,890 shares of the basic materials company’s stock after purchasing an additional 3,365 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Air Products and Chemicals were worth $21,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in Air Products and Chemicals by 10.4% during the second quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock worth $16,258,000 after purchasing an additional 5,430 shares during the last quarter. Swiss National Bank increased its holdings in shares of Air Products and Chemicals by 7.4% during the 2nd quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock worth $189,939,000 after buying an additional 46,200 shares during the last quarter. Platform Technology Partners raised its position in shares of Air Products and Chemicals by 683.0% during the 3rd quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after buying an additional 6,249 shares during the period. Rockland Trust Co. lifted its holdings in Air Products and Chemicals by 5.5% in the third quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock valued at $14,342,000 after acquiring an additional 2,741 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Air Products and Chemicals by 1.5% in the second quarter. Vanguard Group Inc. now owns 21,739,830 shares of the basic materials company’s stock worth $6,131,936,000 after acquiring an additional 324,885 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction dated 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 sale, the director owned 93,499 shares of the company’s stock, valued at $26,573,350.79. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is currently owned by company insiders.

Air Products and Chemicals Trading Down 4.0%

NYSE APD opened at $279.95 on Monday. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $321.47. The firm has a 50 day simple moving average of $259.41 and a 200-day simple moving average of $267.50. The firm has a market cap of $62.33 billion, a price-to-earnings ratio of -185.40, a PEG ratio of 2.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.86 EPS. 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.6%. 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. Air Products and Chemicals’s payout ratio is presently -474.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APD shares. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Mizuho lowered their target price on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. JPMorgan Chase & Co. increased their price objective on shares of Air Products and Chemicals from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $250.00 to $270.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of “Hold” and an average price target 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.