Air Products and Chemicals, Inc. $APD Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its Air Products and Chemicals stake by 71.9 million shares in the second quarter, bringing its holdings to 72.2 million shares valued at approximately $21.2 billion, or 32.41% of the company.
• Air Products reported quarterly EPS of $3.47, beating estimates of $3.34, while revenue rose 4.6% year over year to $3.16 billion but fell short of expectations. The company guided for fiscal 2026 EPS of $13.39–$13.49.
• The company declared a quarterly dividend of $1.81 per share, equivalent to $7.24 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $332.76 versus the stock’s reported $301.19 price.

California State Teachers Retirement System grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 27,786.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,163,618 shares of the basic materials company's stock after buying an additional 71,904,837 shares during the quarter. California State Teachers Retirement System owned 32.41% of Air Products and Chemicals worth $21,156,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in APD. S&CO Inc. bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $27,733,000. Castle Rock Wealth Management LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at about $1,649,000. Staley Capital Advisers Inc. grew its holdings in Air Products and Chemicals by 108.2% during the fourth quarter. Staley Capital Advisers Inc. now owns 144,032 shares of the basic materials company's stock worth $35,579,000 after acquiring an additional 74,868 shares during the period. ProShare Advisors LLC grew its holdings in Air Products and Chemicals by 10.9% during the fourth quarter. ProShare Advisors LLC now owns 670,374 shares of the basic materials company's stock worth $165,596,000 after acquiring an additional 65,999 shares during the period. Finally, Leonteq Securities AG bought a new stake in Air Products and Chemicals in the fourth quarter worth about $3,643,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $301.19 on Tuesday. The business's 50-day moving average price is $301.50 and its two-hundred day moving average price is $292.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $314.87. The company has a market capitalization of $67.07 billion, a P/E ratio of -1,369.05, a price-to-earnings-growth ratio of 3.04 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is presently -3,290.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APD shares. Royal Bank Of Canada upped their price target on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Evercore restated an "outperform" rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, Citigroup increased their price objective on Air Products and Chemicals from $315.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and an average target price of $332.76.

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.

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