Cornerstone Advisors LLC Has $1.20 Million Holdings in Air Products and Chemicals, Inc. $APD

Cornerstone Advisors LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 30.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the basic materials company’s stock after selling 1,900 shares during the quarter. Cornerstone Advisors LLC’s holdings in Air Products and Chemicals were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Vanguard Group Inc. increased its stake in shares of Air Products and Chemicals by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock worth $6,000,040,000 after purchasing an additional 260,904 shares during the last quarter. State Street Corp grew its holdings in Air Products and Chemicals by 1.9% during the second quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock worth $2,666,289,000 after purchasing an additional 180,056 shares during the period. Dodge & Cox grew its holdings in Air Products and Chemicals by 0.7% during the second quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock worth $2,488,164,000 after purchasing an additional 61,678 shares during the period. JPMorgan Chase & Co. increased its position in Air Products and Chemicals by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock worth $1,814,839,000 after buying an additional 310,799 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Air Products and Chemicals by 0.5% in the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after buying an additional 27,256 shares during the period. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APD has been the subject of several research analyst reports. Mizuho reduced their target price on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Royal Bank Of Canada decreased their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. UBS Group increased their price objective on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Citigroup lifted their target price on shares of Air Products and Chemicals from $272.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Wolfe Research reissued an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, December 8th. Eight investment analysts have rated the stock with 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 stock presently has a consensus rating of “Hold” and a consensus price target of $295.88.

Air Products and Chemicals Stock Down 0.6%

Shares of NYSE APD opened at $280.80 on Friday. The stock has a market capitalization of $62.52 billion, a P/E ratio of -185.96, a PEG ratio of 2.77 and a beta of 0.87. The stock’s fifty day moving average is $262.90 and its 200 day moving average is $267.61. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $321.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.23 and a current ratio of 1.46.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company posted $2.86 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.81 per share. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -474.17%.

Insiders Place Their Bets

In other news, Director Ridge Lp Mantle sold 70,175 shares of Air Products and Chemicals stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This trade represents a 42.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.88% of the stock is owned by insiders.

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.