Air Products and Chemicals (NYSE:APD) Given New $303.00 Price Target at Bank of America

Air Products and Chemicals (NYSE:APD) had its price target hoisted by Bank of America from $280.00 to $303.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on the company. Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Wells Fargo & Company upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $270.00 to $325.00 in a report on Friday, March 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $282.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $280.00 to $310.00 in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $308.06.

Air Products and Chemicals Stock Down 0.4%

APD opened at $294.83 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. The stock has a market capitalization of $65.65 billion, a price-to-earnings ratio of -195.25, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80. The business has a 50-day moving average of $286.19 and a two-hundred day moving average of $267.25. Air Products and Chemicals has a 12 month low of $229.11 and a 12 month high of $301.25.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.04 by $0.12. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.86 EPS. 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. On average, research analysts expect that Air Products and Chemicals will post 13.02 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio is presently -479.47%.

Insider Buying and Selling

In related news, Director Ridge Lp Mantle sold 70,175 shares of the business’s stock in a transaction that occurred on 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 directly owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. The trade was a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.88% of the company’s stock.

Hedge Funds Weigh In On Air Products and Chemicals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its position in Air Products and Chemicals by 3,233.3% during the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 97 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Air Products and Chemicals during the 4th quarter worth approximately $25,000. 81.66% of the stock is owned by institutional investors and hedge funds.

About Air Products and Chemicals

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.