Air Products and Chemicals, IncNYSE: APD
Materials · Industrial Gases
$279.85
-0.67%
Vol: 1.2M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20Air Products faces fresh scrutiny over project execution delays even as the stock remains up 21% YTD on strong earnings momentum.Mixed▶
Air Products & Chemicals is under continued investor focus around execution on its large clean-hydrogen project portfolio, with project delays keeping the spotlight on management's execution. The stock remains up about 21.3% year-to-date and offers a 2.38% dividend yield following a strong Q2 earnings beat (EPS of $3.20 vs $3.06 consensus, revenue $3.17B vs $3.07B consensus) and raised FY26 EPS guidance of $13.00-$13.25. Recent trading has softened with a 3.9% drop over the prior seven days. APD recently increased its quarterly dividend to $1.81 per share, marking its 44th consecutive year of dividend increases.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Air Products draws multiple price target hikes after Q2 2026 beat, with Morgan Stanley raising to $310 on May 5.Positive▶
APD posted Q2 2026 EPS of $3.20 vs. $3.06 consensus and revenue of $3.17B vs. $3.07B consensus, prompting raised FY2026 EPS guidance of $13.00-$13.25 (8%-10% growth) and Q3 guidance of $3.25-$3.35. Multiple analysts raised targets in early May: Morgan Stanley to $310 from $290 (May 5), RBC Capital to $341 from $338, Deutsche Bank to $315 from $300, with Seaport Global issuing a positive report on May 7. APD increased its quarterly dividend to $1.81 per share (44th consecutive annual hike), payable May 11. CFO Melissa Schaeffer sold 2,714 shares for $824,404 on May 4. Shares are up 21.3% YTD with a Zacks Rank #2 (Buy), supported by a Samsung semiconductor partnership.
May 15Air Products beat Q2 EPS at $3.20, raised FY26 EPS guidance to $13.00-$13.25; Morgan Stanley raised PT to $310 and JPMorgan to $330.Positive▶
Air Products & Chemicals delivered a Q2 earnings beat with EPS of $3.20 versus consensus of $3.06 and revenue of $3.17 billion versus $3.07 billion expected. The company raised its full-year 2026 EPS guidance to $13.00-$13.25 and Q3 2026 EPS guidance to $3.25-$3.35. Morgan Stanley raised its price target to $310 from $290, JPMorgan increased to $330 from $310, and Seaport Global issued a positive report. CFO Melissa Schaeffer sold 2,714 shares valued at $824,404. Analysts have also trimmed average price targets amid uncertainty over the Darrow green ammonia project and Yara partnership terms. The stock trades near 52-week highs around $303-$307.
May 14Air Products beats Q2 fiscal 2026 EPS, raises full-year guidance, and lifts dividend for 44th straight yearPositive▶
Air Products reported fiscal Q2 adjusted EPS of $3.20, up 19% year over year and beating consensus of $3.06, with revenue of $3.17 billion above the $3.07B estimate. The company raised full-year fiscal 2026 EPS guidance to $13.00-$13.25 and Q3 guidance to $3.25-$3.35, citing 23.7% operating margin expansion. APD increased its quarterly dividend to $1.81, marking its 44th consecutive annual hike payable May 11. Morgan Stanley raised its price target to $310 from $290, RBC to $341 from $338, and JPMorgan to $330 from $310. Risks remain around the Darrow green ammonia project and evolving terms in the Yara International partnership.
May 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 12APD-Yara in advanced talks to link Louisiana and Saudi low-carbon ammonia projects; multiple analysts raise price targets in May.Positive▶
Air Products and Yara are in advanced negotiations to link Air Products' low-emission ammonia projects in Louisiana and Saudi Arabia with Yara's global ammonia network, with the Louisiana project targeting 750M+ scfd low-carbon hydrogen and 2.8M tpy low-carbon ammonia. Multiple analysts raised PTs in early May: Morgan Stanley to $310 from $290, RBC to $341 from $338, Deutsche Bank to $315 from $300, JPMorgan to $330 from $310, and Seaport Global issued a positive report on May 7. The company paid its $1.81 quarterly dividend on May 11 (44th consecutive year of increases). CFO Melissa Schaeffer sold 2,714 shares for $824,404 on May 4. Shares are up 21.3% YTD on Samsung electronics project momentum and a $9B project backlog.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LINLINDE | $512.15 | -0.72% | +0.0% | 27.7x | 0.72 | $252.7B |
| APDAIR | $279.85 | -0.67% | +0.0% | 22.1x | 0.74 | $70.0B |
| NEMNEWMONT | $104.04 | -1.54% | +0.0% | 8.6x | 0.48 | $103.6B |
| FCXFREEPORT | $68.84 | -0.32% | +0.0% | 15.4x | 1.36 | $87.6B |
| SHWSHERWIN | $321.36 | +2.41% | +0.0% | 26.6x | 1.10 | $86.9B |
| ECLECOLAB | $269.94 | +0.33% | +0.0% | 29.6x | 0.90 | $79.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.