Air Products and Chemicals (NYSE:APD) Given New $315.00 Price Target at Citigroup

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

Other research analysts have also recently issued research reports about the company. Bank of America upgraded Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 target price on the stock in a report on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. UBS Group lifted their target price on Air Products and Chemicals from $285.00 to $307.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. 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, Jefferies Financial Group lifted their target price on Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $303.94.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $298.58 on Monday. Air Products and Chemicals has a twelve month low of $229.11 and a twelve month high of $301.25. The stock has a market capitalization of $66.48 billion, a P/E ratio of -197.73, a PEG ratio of 2.93 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average price is $284.92 and its 200 day moving average price is $266.18.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share 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 firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm earned $2.86 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Air Products and Chemicals will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $1.81 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s payout ratio is presently -479.47%.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction dated 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 $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Air Products and Chemicals

A number of hedge funds and other institutional investors have recently modified their holdings of APD. Brighton Jones LLC increased its position in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 412 shares during the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals in the fourth quarter valued at about $245,000. Sei Investments Co. increased its holdings in Air Products and Chemicals by 197.6% in the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after buying an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in 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 buying an additional 2,171 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Air Products and Chemicals by 52.5% in the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after buying an additional 2,229 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.