Air Products and Chemicals (NYSE:APD) Given New $308.00 Price Target at Citigroup

Air Products and Chemicals (NYSE:APD) had its target price lowered by Citigroup from $325.00 to $308.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

APD has been the topic of several other research reports. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Mizuho raised their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Stock Performance

APD stock opened at $271.13 on Monday. The stock’s 50 day simple moving average is $286.73 and its 200 day simple moving average is $281.47. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals has a 12-month low of $243.69 and a 12-month high of $341.14. The stock has a market capitalization of $60.34 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 5.65 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 EPS. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. As a group, research analysts forecast that Air Products and Chemicals will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio is 103.02%.

Insiders Place Their Bets

In related news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in APD. Brighton Jones LLC boosted its position in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the period. Bison Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $245,000. Merit Financial Group LLC lifted its stake in shares of Air Products and Chemicals by 14.8% during the 1st quarter. Merit Financial Group LLC now owns 2,824 shares of the basic materials company’s stock valued at $833,000 after buying an additional 365 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Air Products and Chemicals in the 1st quarter worth $224,000. Finally, Congress Asset Management Co. increased its stake in Air Products and Chemicals by 9.9% in the 1st quarter. Congress Asset Management Co. now owns 8,501 shares of the basic materials company’s stock worth $2,507,000 after buying an additional 764 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

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.