Edgestream Partners L.P. Acquires Shares of 12,475 Air Products and Chemicals, Inc. $APD

Edgestream Partners L.P. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,475 shares of the basic materials company’s stock, valued at approximately $3,519,000.

A number of other hedge funds have also recently made changes to their positions in APD. West Oak Capital LLC grew its stake in shares of Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock worth $3,050,000 after acquiring an additional 1,180 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position 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 worth $20,936,000 after purchasing an additional 1,300 shares during the last quarter. Revisor Wealth Management LLC grew its position in Air Products and Chemicals by 110.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 1,713 shares during the last quarter. Chapin Davis Inc. raised its holdings in shares of Air Products and Chemicals by 16.1% in the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after buying an additional 1,551 shares during the last quarter. Finally, Norden Group LLC lifted its stake in shares of Air Products and Chemicals by 167.3% during the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after buying an additional 3,630 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 1.4%

Shares of APD opened at $260.39 on Thursday. The company has a market capitalization of $57.96 billion, a price-to-earnings ratio of -146.29, a PEG ratio of 2.56 and a beta of 0.86. Air Products and Chemicals, Inc. has a 52 week low of $235.55 and a 52 week high of $341.14. The stock’s 50-day moving average price is $257.98 and its 200-day moving average price is $276.49. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating the consensus estimate 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 business earned $3.56 earnings per share. Air Products and Chemicals’s quarterly 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. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s payout ratio is currently -402.25%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on APD shares. Mizuho set a $300.00 target price on Air Products and Chemicals in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Air Products and Chemicals in a report on Friday, November 28th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company reduced their price target on shares of Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.75.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.