Morgan Stanley Issues Positive Forecast for Air Products and Chemicals (NYSE:APD) Stock Price

Air Products and Chemicals (NYSE:APD) had its target price hoisted by equities research analysts at Morgan Stanley from $290.00 to $310.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price objective indicates a potential upside of 2.81% from the stock’s current price.

APD has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group lifted their target price on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a report on Friday. Wells Fargo & Company increased their price target on Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $315.00 price target on shares of Air Products and Chemicals in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.12.

Air Products and Chemicals Stock Up 1.1%

Shares of APD traded up $3.18 during mid-day trading on Tuesday, hitting $301.53. 176,014 shares of the company’s stock were exchanged, compared to its average volume of 1,388,169. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. Air Products and Chemicals has a 52 week low of $229.11 and a 52 week high of $307.29. The company has a market cap of $67.14 billion, a PE ratio of 31.88, a P/E/G ratio of 2.81 and a beta of 0.77. The company has a 50-day simple moving average of $288.71 and a 200 day simple moving average of $269.07.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. On average, research analysts forecast that Air Products and Chemicals will post 13.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ridge Lp Mantle sold 70,175 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. This represents a 42.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Air Products and Chemicals

Several hedge funds have recently added to or reduced their stakes in APD. Brighton Jones LLC grew its stake in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $245,000. Sei Investments Co. boosted its holdings in shares of Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after acquiring an additional 187,142 shares during the period. Treasurer of the State of North Carolina grew its position in shares of Air Products and Chemicals by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of Air Products and Chemicals by 52.5% during the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after purchasing an additional 2,229 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.