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

California State Teachers Retirement System cut its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,141 shares of the basic materials company's stock after selling 12,640 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Air Products and Chemicals worth $72,163,618 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APD. Studio Investment Management LLC grew its holdings in shares of Air Products and Chemicals by 4.0% during the second quarter. Studio Investment Management LLC now owns 3,130 shares of the basic materials company's stock valued at $918,000 after purchasing an additional 119 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Air Products and Chemicals by 215.7% during the second quarter. Ameritas Advisory Services LLC now owns 2,573 shares of the basic materials company's stock worth $754,000 after purchasing an additional 1,758 shares during the period. Wedmont Private Capital grew its holdings in shares of Air Products and Chemicals by 2.3% in the 2nd quarter. Wedmont Private Capital now owns 2,996 shares of the basic materials company's stock valued at $897,000 after acquiring an additional 67 shares in the last quarter. Kintra Wealth LLC increased its position in Air Products and Chemicals by 70.2% during the second quarter. Kintra Wealth LLC now owns 3,284 shares of the basic materials company's stock worth $1,003,000 after acquiring an additional 1,354 shares during the period. Finally, Saudi Central Bank lifted its stake in Air Products and Chemicals by 80.2% in the 2nd quarter. Saudi Central Bank now owns 14,807 shares of the basic materials company's stock valued at $4,341,000 after purchasing an additional 6,591 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Up 0.6%

APD traded up $1.76 during trading on Tuesday, reaching $288.89. 396,136 shares of the stock were exchanged, compared to its average volume of 1,283,364. The stock's 50 day moving average price is $300.10 and its two-hundred day moving average price is $292.94. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $314.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market cap of $64.33 billion, a P/E ratio of -1,313.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. Air Products and Chemicals's revenue was up 4.6% on a year-over-year basis. 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. Equities analysts expect that Air Products and Chemicals, Inc. will post 13.46 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a $1.81 dividend. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, October 1st. Air Products and Chemicals's dividend payout ratio is currently -3,290.91%.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent analyst reports. Argus raised their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a report on Wednesday, September 9th. Mizuho upped their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Royal Bank Of Canada increased their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Air Products and Chemicals from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company raised their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $336.53.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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