Air Products and Chemicals (NYSE:APD) Issues FY 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 13.390-13.490 for the period, compared to the consensus estimate of 13.220. The company issued revenue guidance of -. Air Products and Chemicals also updated its Q4 2026 guidance to 3.550-3.650 EPS.

Air Products and Chemicals Price Performance

APD traded up $5.48 during trading on Thursday, reaching $299.75. 1,614,320 shares of the company were exchanged, compared to its average volume of 1,360,815. The company’s 50-day moving average is $289.40 and its two-hundred day moving average is $286.38. The company has a market cap of $66.75 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.66 and a beta of 0.73. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. Air Products and Chemicals has a 12-month low of $229.11 and a 12-month high of $314.87.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $3.09 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Research analysts forecast that Air Products and Chemicals will post 13.22 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently 76.61%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APD shares. Bank of America upped their target price on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $358.00 price target on shares of Air Products and Chemicals in a report on Friday, July 17th. Finally, UBS Group increased their price objective on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Insiders Place Their Bets

In related news, CFO Melissa N. Schaeffer sold 2,714 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the sale, the chief financial officer directly owned 14,212 shares of the company’s stock, valued at $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.88% of the stock is owned by corporate insiders.

Key Stories Impacting Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Adjusted EPS was $3.47, above the $3.34–$3.36 analyst consensus and up from $3.09 a year earlier. Higher on-site volumes, pricing and favorable currency contributed to the outperformance. APD Q3 Earnings Beat on Volume Growth, Sales Miss Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49, above the $13.22 consensus, and provided fourth-quarter guidance of $3.55–$3.65, also exceeding estimates. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Adjusted operating income reached $810 million, while the company highlighted electronics-sector growth through a long-term Taiwan agreement covering air separation units, bulk gas systems and pipelines. Air Products Stock Surges After Strong Profit Growth, Raised Guidance
• Neutral Sentiment: Revenue increased 4.6% year over year to $3.16 billion, but missed the $3.20 billion estimate. The company also expects fiscal 2026 capital expenditures of approximately $3.5 billion. Air Products Earnings Report
• Negative Sentiment: GAAP results showed a $6.47 loss per share and a $2.1 billion operating loss, largely due to charges from business and asset actions. Air Products also abandoned the Louisiana Clean Energy Complex, an Arizona zero-carbon liquid hydrogen facility and other smaller clean-energy projects, which may raise concerns about execution and growth prospects. Air Products Reports Fiscal 2026 Third Quarter Results

Institutional Trading of Air Products and Chemicals

Several institutional investors and hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. grew its position in Air Products and Chemicals by 1.3% in the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 36 shares in the last quarter. L2 Asset Management LLC lifted its stake in Air Products and Chemicals by 4.8% during the third quarter. L2 Asset Management LLC now owns 1,023 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 47 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Air Products and Chemicals by 12.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 440 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 48 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Air Products and Chemicals by 3.4% in the 4th quarter. CreativeOne Wealth LLC now owns 1,692 shares of the basic materials company’s stock worth $418,000 after purchasing an additional 56 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 35.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 218 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors 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.