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

Core Alternative Capital lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 11.2% in the third quarter, HoldingsChannel reports. The fund owned 17,481 shares of the basic materials company’s stock after selling 2,204 shares during the period. 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 have also bought and sold shares of the business. Norges Bank bought a new stake in Air Products and Chemicals in the 2nd quarter valued at about $1,020,081,000. Viking Global Investors LP bought a new position in Air Products and Chemicals during the 2nd quarter worth $607,601,000. First Trust Advisors LP raised its holdings in Air Products and Chemicals by 268.7% in the 2nd quarter. First Trust Advisors LP now owns 822,589 shares of the basic materials company’s stock valued at $232,019,000 after acquiring an additional 599,513 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Air Products and Chemicals by 13.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,794,781 shares of the basic materials company’s stock worth $1,070,356,000 after purchasing an additional 444,855 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Air Products and Chemicals by 43.3% in the second quarter. Invesco Ltd. now owns 1,432,928 shares of the basic materials company’s stock worth $404,172,000 after purchasing an additional 432,770 shares during the period. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent analyst reports. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $310.00 to $250.00 in a research report on Thursday, December 11th. Mizuho cut their price target on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Wall Street Zen downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.80.

Air Products and Chemicals Stock Down 1.4%

Shares of NYSE:APD opened at $258.91 on Wednesday. Air Products and Chemicals, Inc. has a 52-week low of $229.11 and a 52-week high of $341.14. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38. The company has a fifty day moving average of $253.96 and a 200-day moving average of $268.87.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, topping 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 business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the company posted $3.56 EPS. Air Products and Chemicals’s quarterly 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. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a $1.81 dividend. This is a boost 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 -402.25%.

Air Products and Chemicals Company 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.