Core Alternative Capital Sells 2,204 Shares of Air Products and Chemicals, Inc. $APD

Core Alternative Capital lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,481 shares of the basic materials company’s stock after selling 2,204 shares during the quarter. Core Alternative Capital’s holdings in Air Products and Chemicals were worth $4,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of APD. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Air Products and Chemicals during the 2nd quarter worth approximately $28,000. Abound Wealth Management increased its stake in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. raised its position in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on APD. Sanford C. Bernstein restated an “outperform” rating on shares of Air Products and Chemicals in a report on Tuesday, December 9th. Citigroup upped their target price on shares of Air Products and Chemicals from $245.00 to $272.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research report on Wednesday, October 1st. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $293.80.

Air Products and Chemicals Stock Performance

Shares of APD opened at $258.91 on Wednesday. The company has a market cap of $57.63 billion, a PE ratio of -145.45, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The firm has a 50-day moving average of $253.96 and a 200-day moving average of $268.87. Air Products and Chemicals, Inc. has a one year low of $229.11 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the firm posted $3.56 earnings per share. The business’s revenue was down .6% on a year-over-year basis. 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. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a $1.81 dividend. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.8%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -402.25%.

About Air Products and Chemicals

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.