Air Products and Chemicals (NYSE:APD) Hits New 1-Year High – Here’s What Happened

Air Products and Chemicals, Inc. (NYSE:APD)’s stock price reached a new 52-week high on Thursday . The company traded as high as $309.35 and last traded at $308.1220, with a volume of 58587 shares trading hands. The stock had previously closed at $306.40.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada raised their price objective on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Citigroup boosted their target price on shares of Air Products and Chemicals from $285.00 to $315.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Morgan Stanley increased their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $324.82.

Air Products and Chemicals Price Performance

The company’s 50-day simple moving average is $290.10 and its 200 day simple moving average is $279.91. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $69.82 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 2.85 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.14. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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 dividend of $1.81 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Insider Buying and Selling

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of the 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 transaction, the chief financial officer owned 14,212 shares in the company, valued at $4,317,037.12. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.88% of the stock is currently owned by company insiders.

Institutional Trading of Air Products and Chemicals

Several large investors have recently modified their holdings of the company. Holos Integrated Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $25,000. Richardson Financial Services Inc. grew its position in shares of Air Products and Chemicals by 3,233.3% in the fourth quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter worth about $25,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $25,000. 81.66% of the stock is 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.