Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $301.25 and last traded at $298.7350, with a volume of 192100 shares. The stock had previously closed at $296.61.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Argus dropped their target price on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Weiss Ratings raised shares of Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $280.00 to $310.00 in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research note on Wednesday, December 10th. Finally, UBS Group boosted their price target on shares of Air Products and Chemicals from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.88.
Air Products and Chemicals Stock Performance
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate 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%. Air Products and Chemicals’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.86 earnings per share. 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, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.
Air Products and Chemicals Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.79. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -479.47%.
Insider Buying and Selling
In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the company’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 owned 93,499 shares of the company’s stock, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.88% of the company’s stock.
Institutional Investors Weigh In On Air Products and Chemicals
Several large investors have recently bought and sold shares of APD. Brighton Jones LLC increased its stake in 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 valued at $945,000 after purchasing an additional 412 shares in the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $245,000. Ossiam increased its stake in Air Products and Chemicals by 1,552.9% in the second quarter. Ossiam now owns 6,248 shares of the basic materials company’s stock valued at $1,762,000 after purchasing an additional 5,870 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Air Products and Chemicals by 0.5% in the second quarter. Daiwa Securities Group Inc. now owns 39,006 shares of the basic materials company’s stock valued at $11,002,000 after purchasing an additional 189 shares in the last quarter. Finally, State Street Corp increased its stake in Air Products and Chemicals by 1.9% in the second quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock valued at $2,666,289,000 after purchasing an additional 180,056 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
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.
Further Reading
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