Air Products and Chemicals (NYSE:APD) Stock Gets Price Target Reduction from Citigroup

Air Products and Chemicals (NYSE:APD) had its price objective lowered by Citigroup from $330.00 to $312.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other research analysts have also recently commented on APD. KeyCorp started coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating for the company. Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research report on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.56.

Air Products and Chemicals Trading Up 1.1%

Shares of NYSE:APD opened at $281.47 on Wednesday. The company’s 50-day moving average price is $294.30 and its two-hundred day moving average price is $293.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals has a one year low of $229.11 and a one year high of $314.87. The stock has a market capitalization of $62.68 billion, a PE ratio of -1,279.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. On average, equities analysts forecast that Air Products and Chemicals will post 13.46 EPS 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, November 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $1.81 per share. This represents a $7.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 1st. Air Products and Chemicals’s payout ratio is -3,290.91%.

Institutional Trading of Air Products and Chemicals

Hedge funds have recently made changes to their positions in the business. S&CO Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at about $27,733,000. Neville Rodie & Shaw Inc. lifted its position in Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock worth $7,851,000 after purchasing an additional 26,956 shares during the period. Park National Corp OH grew its stake in Air Products and Chemicals by 66.7% during the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after buying an additional 9,817 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Air Products and Chemicals by 26.7% in the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock valued at $16,573,000 after buying an additional 12,020 shares during the period. Finally, Rockland Trust Co. increased its holdings in Air Products and Chemicals by 7.0% in the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after buying an additional 4,279 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.