Air Products and Chemicals (NYSE:APD) Price Target Raised to $315.00

Air Products and Chemicals (NYSE:APD) had its price objective lifted by Citigroup from $285.00 to $315.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $280.00 to $310.00 in a research report on Friday, March 20th. BMO Capital Markets restated a “market perform” rating and set a $282.00 price objective on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Jefferies Financial Group increased their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Finally, Mizuho reduced their price target on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $303.94.

Air Products and Chemicals Trading Down 0.3%

Shares of APD stock opened at $295.60 on Monday. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $301.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $285.48 and its two-hundred day simple moving average is $266.60. The company has a market cap of $65.82 billion, a PE ratio of -195.76, a price-to-earnings-growth ratio of 2.91 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The business 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 business posted $2.86 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. 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. Research analysts predict that Air Products and Chemicals will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be paid 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 dividend yield of 2.4%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s payout ratio is -479.47%.

Insider Activity at Air Products and Chemicals

In other news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.88% of the company’s stock.

Hedge Funds Weigh In On Air Products and Chemicals

Several institutional investors have recently made changes to their positions in APD. Rockland Trust Co. boosted its position in Air Products and Chemicals by 8.2% during the 4th quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock valued at $14,058,000 after acquiring an additional 4,319 shares in the last quarter. Platform Technology Partners boosted its position in Air Products and Chemicals by 683.0% during the 3rd quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after acquiring an additional 6,249 shares in the last quarter. Barclays PLC boosted its position in Air Products and Chemicals by 16.4% during the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock valued at $215,356,000 after acquiring an additional 111,317 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Products and Chemicals by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock valued at $627,065,000 after acquiring an additional 21,479 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Air Products and Chemicals by 3.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 137,875 shares of the basic materials company’s stock valued at $37,426,000 after acquiring an additional 4,699 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About Air Products and Chemicals

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.