Air Products and Chemicals (NYSE:APD) Upgraded at Bank of America

Bank of America upgraded shares of Air Products and Chemicals (NYSE:APD) from an underperform rating to a neutral rating in a research report released on Thursday, Marketbeat Ratings reports. Bank of America currently has $275.00 price target on the basic materials company’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $310.00 to $250.00 in a research report on Thursday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $250.00 price target (down previously from $330.00) on shares of Air Products and Chemicals in a report on Friday, December 19th. Citigroup lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $300.00 to $245.00 in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $255.00 target price on Air Products and Chemicals in a research report on Wednesday, December 10th. Finally, Wolfe Research reissued an “outperform” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $292.00.

Air Products and Chemicals Price Performance

APD stock opened at $263.52 on Thursday. The firm has a market cap of $58.66 billion, a P/E ratio of -148.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.87. 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 has a 1 year low of $229.11 and a 1 year high of $341.14. The stock has a 50-day simple moving average of $251.49 and a 200-day simple moving average of $271.06.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the company posted $3.56 EPS. Air Products and Chemicals’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 and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities analysts predict that Air Products and Chemicals will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -402.25%.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the second quarter valued at approximately $28,000. Traub Capital Management LLC bought a new position in Air Products and Chemicals during the 2nd quarter worth $28,000. Holos Integrated Wealth LLC bought a new position in Air Products and Chemicals during the 4th quarter worth $25,000. Abound Wealth Management increased its position in Air Products and Chemicals by 292.3% in the third quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. 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.