Air Products and Chemicals (NYSE:APD) Stock Gets Price Target Reduction from Royal Bank Of Canada

Air Products and Chemicals (NYSE:APD) had its price objective lowered by Royal Bank Of Canada from $360.00 to $346.00 in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Several other research firms have also recently commented on APD. Mizuho lifted their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. KeyCorp assumed coverage on Air Products and Chemicals in a report on Thursday, September 10th. They issued a “sector weight” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 31st. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Evercore reissued an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Price Performance

APD opened at $299.19 on Thursday. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of -1,359.98, a P/E/G ratio of 2.82 and a beta of 0.76. The firm’s fifty day moving average price is $293.80 and its two-hundred day moving average price is $293.28.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company posted $3.09 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. As a group, analysts anticipate that Air Products and Chemicals will post 13.46 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.4%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Air Products and Chemicals by 277.4% during the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. purchased a new position in Air Products and Chemicals in the 2nd quarter worth $5,370,093,000. Bank of America Corp DE purchased a new position in Air Products and Chemicals in the 2nd quarter worth $1,216,976,000. Envestnet Asset Management Inc. lifted its stake in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after purchasing an additional 2,563,873 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Air Products and Chemicals in the second quarter worth $495,201,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

About Air Products and Chemicals

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.