Air Products and Chemicals (NYSE:APD) Upgraded at Barclays

Barclays upgraded shares of Air Products and Chemicals (NYSE:APD) to a strong-buy rating in a report released on Monday morning,Zacks reports.

A number of other research firms have also commented on APD. Sanford C. Bernstein reissued an “outperform” rating and issued a $373.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. Evercore restated an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, KeyCorp began coverage on shares of Air Products and Chemicals in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.71.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $292.42 on Monday. The stock has a market capitalization of $65.12 billion, a P/E ratio of -1,329.18, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $314.87. The firm has a 50 day moving average of $293.95 and a 200-day moving average of $293.21.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results 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. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company earned $3.09 EPS. Air Products and Chemicals’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, sell-side analysts anticipate that Air Products and Chemicals will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -3,290.91%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. S&CO Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $27,733,000. Neville Rodie & Shaw Inc. grew its position in shares of Air Products and Chemicals by 1,457.1% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after purchasing an additional 26,956 shares during the period. Park National Corp OH grew its position in shares of Air Products and Chemicals by 66.7% in the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock valued at $6,761,000 after purchasing an additional 9,817 shares during the period. NewEdge Advisors LLC increased its stake in Air Products and Chemicals by 26.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after purchasing an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. increased its stake in Air Products and Chemicals by 7.0% during the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock worth $19,151,000 after purchasing an additional 4,279 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

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.