Wells Fargo & Company Cuts Air Products and Chemicals (NYSE:APD) Price Target to $330.00

Air Products and Chemicals (NYSE:APD) had its price objective trimmed by Wells Fargo & Company from $345.00 to $330.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group dropped their target price on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Finally, Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $315.83.

Air Products and Chemicals Stock Up 0.3%

APD stock opened at $259.50 on Friday. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 5.16 and a beta of 0.81. Air Products and Chemicals has a 1-year low of $235.55 and a 1-year high of $341.14. The firm has a fifty day moving average price of $268.94 and a two-hundred day moving average price of $278.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the firm posted $3.56 EPS. The company’s revenue for the quarter 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. FY 2026 guidance at 12.850-13.150 EPS. Research analysts predict that Air Products and Chemicals will post 12.69 EPS for the current year.

Institutional Trading of Air Products and Chemicals

Several hedge funds and other institutional investors have recently modified their holdings of APD. Vanguard Group Inc. increased its position in Air Products and Chemicals by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 22,000,734 shares of the basic materials company’s stock worth $6,000,040,000 after purchasing an additional 260,904 shares during the last quarter. State Street Corp grew its stake in shares of Air Products and Chemicals by 1.9% in the 2nd quarter. State Street Corp now owns 9,452,914 shares of the basic materials company’s stock valued at $2,666,289,000 after buying an additional 180,056 shares in the last quarter. Dodge & Cox grew its stake in shares of Air Products and Chemicals by 0.7% in the 2nd quarter. Dodge & Cox now owns 8,821,400 shares of the basic materials company’s stock valued at $2,488,164,000 after buying an additional 61,678 shares in the last quarter. JPMorgan Chase & Co. raised its position in Air Products and Chemicals by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 6,434,228 shares of the basic materials company’s stock valued at $1,814,839,000 after acquiring an additional 310,799 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Air Products and Chemicals by 0.5% in the second quarter. Geode Capital Management LLC now owns 5,134,550 shares of the basic materials company’s stock valued at $1,450,526,000 after acquiring an additional 27,256 shares during the last quarter. 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 provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.