Air Products and Chemicals (NYSE:APD – Get Free Report) had its target price increased by Royal Bank Of Canada from $338.00 to $341.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 13.60% from the company’s previous close.
APD has been the subject of a number of other reports. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Sanford C. Bernstein restated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings upgraded Air Products and Chemicals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Finally, Bank of America lifted their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $321.94.
Check Out Our Latest Research Report on APD
Air Products and Chemicals Stock Performance
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Analysts anticipate that Air Products and Chemicals will post 13.11 earnings per share for the current year.
Insider Activity at Air Products and Chemicals
In other news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the transaction, the chief financial officer directly owned 14,212 shares in the company, valued at approximately $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $19,944,436.75. Following the transaction, 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 disclosure for this sale is available in the SEC filing. 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 made changes to their positions in the business. Brighton Jones LLC raised its holdings in 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 purchasing an additional 412 shares in the last quarter. Bison Wealth LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth approximately $245,000. Sei Investments Co. raised its holdings in Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after purchasing an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Air Products and Chemicals by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock worth $29,271,000 after purchasing an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Air Products and Chemicals by 52.5% during the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock worth $1,873,000 after purchasing an additional 2,229 shares in the last quarter. 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.
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