Air Products and Chemicals (NYSE:APD) Price Target Raised to $340.00 at Wells Fargo & Company

Key Points

• Wells Fargo raised its price target on Air Products to $340 (from $325) and maintains an overweight rating, implying roughly a 12.3% upside from the recent share price.
• Air Products beat Q2 estimates with adjusted EPS of $3.20 and revenue of $3.17B, and management raised FY2026 adjusted EPS guidance to $13.00–$13.25.
• Management cited stronger helium pricing and a large commercial win with Samsung as margin drivers, but planned FY26 capex of about $4B and project execution risk could pressure near‑term free cash flow and share performance.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price target hoisted by investment analysts at Wells Fargo & Company from $325.00 to $340.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. Wells Fargo & Company's target price indicates a potential upside of 12.32% from the stock's current price.

A number of other analysts also recently commented on the company. Berenberg Bank set a $350.00 target price on Air Products and Chemicals and gave the stock a "buy" rating in a research note on Monday, April 20th. Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Jefferies Financial Group upped their price objective on shares of Air Products and Chemicals from $300.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. BMO Capital Markets upgraded shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research report on Friday. Finally, Weiss Ratings upgraded shares of Air Products and Chemicals from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $317.00.

Air Products and Chemicals Stock Performance

Shares of APD traded up $2.67 during trading hours on Friday, reaching $302.72. 202,796 shares of the company traded hands, compared to its average volume of 1,395,307. The stock has a market capitalization of $67.40 billion, a P/E ratio of -200.62, a P/E/G ratio of 2.84 and a beta of 0.80. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. Air Products and Chemicals has a 12-month low of $229.11 and a 12-month high of $307.29. The business has a fifty day moving average price of $288.71 and a 200-day moving average price of $268.96.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $2.69 EPS. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. 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 analysts anticipate that Air Products and Chemicals will post 13.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Air Products and Chemicals news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $284.21, for a total value of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.88% of the company's stock.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds have recently made changes to their positions in APD. Brighton Jones LLC boosted its position in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after purchasing an additional 412 shares during the period. Bison Wealth LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $245,000. Sei Investments Co. lifted its holdings in Air Products and Chemicals by 197.6% during the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock worth $79,498,000 after buying an additional 187,142 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock worth $29,271,000 after buying an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock worth $1,873,000 after buying an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Trending Headlines about Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Q2 results beat consensus — Air Products reported adjusted EPS of $3.20 and revenue of $3.17B, topping estimates and showing year-over-year revenue growth and much stronger operating income. Air Products Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Raised FY2026 adjusted EPS guidance to $13.00–$13.25 and reiterated focus on unlocking earnings growth — management lifted the full-year outlook after the quarter. Air Products raises FY2026 EPS outlook
• Positive Sentiment: Stronger helium pricing and new assets are supporting margins and profit outlook — management cited helium market strength and coming asset starts as drivers behind the forecast lift. Air Products lifts 2026 profit forecast
• Positive Sentiment: Large commercial win with Samsung for advanced semiconductor fab supply — reinforces long-term demand exposure to semiconductors and specialty gases. Air Products to Expand Industrial Gas Supply for Samsung
• Neutral Sentiment: Management set Q3 guidance of $3.25–$3.35 (FY26 capex ~ $4.0B) — full-year raise is constructive, but Q3 midpoint is close to or slightly below some estimates, creating mixed near-term expectations. APD Q2 Earnings and Sales Beat
• Neutral Sentiment: Investor materials and call transcript provide detail but highlight execution and large-project optimization as priorities — useful for assessing sustainability of margin gains. Q2 Earnings Call Transcript
• Negative Sentiment: High absolute capex and project execution risk remain — although management is targeting a $1B capex reduction, FY26 capex expectations (~$4B) keep cash intensity high and may pressure free cash flow near term. Air Products raises FY2026 EPS outlook
• Negative Sentiment: Market reaction appears to reflect profit-taking and caution around near-term guidance and macro/FX sensitivity despite the beat — that likely explains downward pressure on the shares. Reviewing Air Products and Chemicals

About Air Products and Chemicals

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.

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