Corsicana & Co. Buys New Stake in Air Products and Chemicals, Inc. $APD

Corsicana & Co. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,639 shares of the basic materials company’s stock, valued at approximately $2,083,000. Air Products and Chemicals comprises approximately 1.2% of Corsicana & Co.’s investment portfolio, making the stock its 26th biggest position.

Other institutional investors have also modified their holdings of the company. West Oak Capital LLC raised its position in shares of Air Products and Chemicals by 12.2% in the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after buying an additional 1,180 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Air Products and Chemicals by 1.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 74,225 shares of the basic materials company’s stock valued at $20,936,000 after acquiring an additional 1,300 shares in the last quarter. Revisor Wealth Management LLC raised its holdings in Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 1,713 shares during the last quarter. Chapin Davis Inc. lifted its stake in Air Products and Chemicals by 16.1% in the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after purchasing an additional 1,551 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Air Products and Chemicals by 10.4% during the 2nd 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. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 1.5%

Shares of NYSE:APD opened at $240.06 on Friday. The company has a market capitalization of $53.43 billion, a price-to-earnings ratio of -134.86, a PEG ratio of 2.36 and a beta of 0.86. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $341.14. The business has a 50-day moving average price of $252.22 and a 200 day moving average price of $273.94. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the firm posted $3.56 earnings per share. Air Products and Chemicals’s revenue was down .6% compared to the same quarter last year. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is -402.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on APD shares. UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price target for the company from $310.00 to $250.00 in a report on Thursday, December 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Wolfe Research restated an “outperform” rating and set a $315.00 price objective on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Mizuho reduced their target price on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $292.47.

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.