Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $271.35, but opened at $295.95. Air Products and Chemicals shares last traded at $296.3750, with a volume of 397,015 shares traded.
Air Products and Chemicals News Roundup
Here are the key news stories impacting Air Products and Chemicals this week:
- Positive Sentiment: Air Products is exiting the LCEC project, which investors may view as a move to cut risk and refocus capital on more viable opportunities. Article: Air Products Will Not Proceed with Louisiana Clean Energy (LCEC) Project; Company Will Record Pre-Tax Charge in Fiscal Third Quarter; Finalizing Agreement with Yara for Renewable Ammonia from NEOM Green Hydrogen Project in Saudi Arabia
- Positive Sentiment: The company’s finalizing of the Yara renewable ammonia deal suggests its NEOM project remains a meaningful growth driver and could support future revenue opportunities. Article: APD Exits LCEC Project, Finalizes NEOM Green Hydrogen Deal With Yara
- Neutral Sentiment: Analysts are highlighting Air Products as a dividend aristocrat with ongoing growth initiatives, which reinforces the company’s defensive appeal but is not an immediate catalyst. Article: Air Products and Chemicals, Inc. (APD) A Top Dividend Aristocrat Stock to Buy Amid Robust Growth Initiatives
- Negative Sentiment: The planned pre-tax charge of up to $2.9 billion could weigh on reported earnings in the near term and underscores the cost of exiting the project. Article: Air Products to exit Louisiana clean energy project; flags $2.9 billion hit
Analyst Upgrades and Downgrades
Several analysts have commented on APD shares. Mizuho set a $345.00 target price on Air Products and Chemicals in a research note on Friday, May 1st. Morgan Stanley upped their price target on Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $344.00 price objective on shares of Air Products and Chemicals in a research report on Wednesday. UBS Group lifted their price objective on Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $324.82.
Air Products and Chemicals Stock Performance
The firm has a market cap of $68.19 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.57 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.43. The business’s 50-day simple moving average is $289.39 and its 200 day simple moving average is $279.18.
Air Products and Chemicals (NYSE:APD – Get Free Report) last released its quarterly 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. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 EPS. 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. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 13.23 earnings per share for the current year.
Air Products and Chemicals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given a $1.81 dividend. This represents a $7.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.
Insider Activity
In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by corporate insiders.
Institutional Trading of Air Products and Chemicals
Several large investors have recently added to or reduced their stakes in APD. Holos Integrated Wealth LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its stake in shares of 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 during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at $25,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth $25,000. 81.66% of the stock is currently owned by institutional investors.
Air Products and Chemicals Company Profile
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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