Air Products and Chemicals (NYSE:APD) Raised to “Strong-Buy” at Berenberg Bank

Air Products and Chemicals (NYSE:APD) was upgraded by research analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on APD. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BMO Capital Markets restated a “market perform” rating and issued a $282.00 target price on shares of Air Products and Chemicals in a research note on Monday, February 2nd. UBS Group upped their target price on shares of Air Products and Chemicals from $285.00 to $307.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $270.00 to $325.00 in a research note on Friday, March 13th. Finally, Jefferies Financial Group increased their price objective on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $308.06.

Air Products and Chemicals Stock Down 0.4%

Shares of APD stock opened at $294.83 on Monday. The stock has a market cap of $65.65 billion, a P/E ratio of -195.25, a PEG ratio of 2.90 and a beta of 0.80. Air Products and Chemicals has a 52 week low of $229.11 and a 52 week high of $301.25. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $286.19 and its two-hundred day simple moving average is $267.25.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts predict that Air Products and Chemicals will post 13.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director directly owned 93,499 shares in the company, valued at $26,573,350.79. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors have recently bought and sold shares of the company. Rockland Trust Co. grew its holdings in shares of Air Products and Chemicals by 8.2% during the fourth quarter. Rockland Trust Co. now owns 56,909 shares of the basic materials company’s stock worth $14,058,000 after buying an additional 4,319 shares during the last quarter. Platform Technology Partners grew its holdings in shares of Air Products and Chemicals by 683.0% during the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock worth $1,954,000 after buying an additional 6,249 shares during the last quarter. Barclays PLC grew its holdings in shares of Air Products and Chemicals by 16.4% during the third quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after buying an additional 111,317 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Air Products and Chemicals by 0.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,299,299 shares of the basic materials company’s stock worth $627,065,000 after acquiring an additional 21,479 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Air Products and Chemicals by 3.5% during the third quarter. Russell Investments Group Ltd. now owns 137,875 shares of the basic materials company’s stock worth $37,426,000 after acquiring an additional 4,699 shares during the period. 81.66% of the stock is currently 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.