Public Employees Retirement System of Ohio Takes Position in Air Products and Chemicals, Inc. $APD

Public Employees Retirement System of Ohio acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 81,616 shares of the basic materials company’s stock, valued at approximately $23,928,000.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. Brighton Jones LLC grew its holdings in Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 412 shares during the period. Bison Wealth LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $245,000. Sei Investments Co. raised its stake in shares of Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after buying an additional 187,142 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after buying an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in shares of Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after acquiring an additional 2,229 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. Weiss Ratings lowered shares of Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Citigroup increased their price objective on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 31st. Finally, Royal Bank Of Canada upped their target price on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $332.76.

Air Products and Chemicals Stock Performance

APD opened at $308.27 on Friday. The stock has a market capitalization of $68.65 billion, a price-to-earnings ratio of -1,401.23, a PEG ratio of 2.68 and a beta of 0.73. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week 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 company has a fifty day moving average of $298.34 and a 200 day moving average of $291.65.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.09 EPS. 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. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 13.45 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is presently -3,290.91%.

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.