King Luther Capital Management Corp Reduces Holdings in Air Products and Chemicals, Inc. $APD

King Luther Capital Management Corp lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 104,260 shares of the basic materials company’s stock after selling 1,669 shares during the quarter. King Luther Capital Management Corp’s holdings in Air Products and Chemicals were worth $29,408,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in APD. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new position in Air Products and Chemicals during the first quarter worth about $27,000. Westside Investment Management Inc. increased 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 acquiring an additional 73 shares during the last quarter. Financial Connections Group Inc. raised its stake in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $37,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 0.3%

NYSE APD opened at $259.50 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $235.55 and a 52 week high of $341.14. The firm has a 50 day moving average of $268.94 and a two-hundred day moving average of $278.15. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $57.75 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81.

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, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the company earned $3.56 EPS. The company’s revenue for the quarter 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. FY 2026 guidance at 12.850-13.150 EPS. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Analysts Set New Price Targets

APD has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Wells Fargo & Company cut their target price on shares of Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group decreased their price target on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $315.83.

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.