California Public Employees Retirement System Has $78.87 Million Position in Air Products and Chemicals, Inc. $APD

California Public Employees Retirement System boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 279,622 shares of the basic materials company’s stock after purchasing an additional 11,533 shares during the quarter. California Public Employees Retirement System owned about 0.13% of Air Products and Chemicals worth $78,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $26,000. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at about $28,000. Westside Investment Management Inc. lifted its position in shares of Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APD shares. Mizuho set a $300.00 target price on Air Products and Chemicals in a research note on Friday, November 7th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research report on Wednesday, October 1st. Citigroup decreased their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. cut their price target on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Air Products and Chemicals in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.85.

Air Products and Chemicals Stock Down 9.7%

APD stock opened at $235.40 on Tuesday. The stock has a fifty day moving average of $257.07 and a 200-day moving average of $276.07. Air Products and Chemicals, Inc. has a fifty-two week low of $230.35 and a fifty-two week high of $341.14. The company has a market capitalization of $52.40 billion, a price-to-earnings ratio of -132.25, a PEG ratio of 2.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38.

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

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $7.16 annualized dividend and a yield of 3.0%. Air Products and Chemicals’s dividend payout ratio (DPR) is -402.25%.

About Air Products and Chemicals

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.