Air Products and Chemicals (NYSE:APD) Cut to “Equal Weight” at Wells Fargo & Company

Wells Fargo & Company lowered shares of Air Products and Chemicals (NYSE:APD) from an overweight rating to an equal weight rating in a research report sent to investors on Friday, Marketbeat.com reports. They currently have $250.00 price target on the basic materials company’s stock.

APD has been the topic of a number of other research reports. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $310.00 to $250.00 in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a report on Wednesday, December 10th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 16th. Finally, Royal Bank Of Canada decreased their target price on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $292.47.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $240.06 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. Air Products and Chemicals has a one year low of $229.11 and a one year high of $341.14. The business’s 50 day simple moving average is $252.22 and its two-hundred day simple moving average is $273.89. The stock has a market capitalization of $53.43 billion, a P/E ratio of -134.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business earned $3.56 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Analysts forecast that Air Products and Chemicals will post 12.69 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 2nd will be given a dividend of $1.79 per share. The ex-dividend date is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 3.0%. Air Products and Chemicals’s payout ratio is currently -402.25%.

Institutional Trading of Air Products and Chemicals

A number of hedge funds have recently modified their holdings of the business. Saudi Central Bank purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $26,000. Traub Capital Management LLC purchased a new position in shares of Air Products and Chemicals during the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth approximately $28,000. Abound Wealth Management grew its stake in shares of Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 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 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.