Fintel reports that on September 12, 2025, Argus Research upgraded their outlook for Air Products and Chemicals (NYSE:APD) from Hold to Buy.

Analyst Price Forecast Suggests 13.33% Upside

As of September 3, 2025, the average one-year price target for Air Products and Chemicals is $333.79/share. The forecasts range from a low of $277.75 to a high of $393.75. The average price target represents an increase of 13.33% from its latest reported closing price of $294.52 / share.

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The projected annual revenue for Air Products and Chemicals is 15,747MM, an increase of 30.59%. The projected annual non-GAAP EPS is 14.32.

What is the Fund Sentiment?

There are 2,578 funds or institutions reporting positions in Air Products and Chemicals. This is an decrease of 22 owner(s) or 0.85% in the last quarter. Average portfolio weight of all funds dedicated to APD is 0.37%, an increase of 11.07%. Total shares owned by institutions increased in the last three months by 1.74% to 252,764K shares. The put/call ratio of APD is 0.22, indicating a bullish outlook.

What are Other Shareholders Doing?

State Farm Mutual Automobile Insurance holds 12,002K shares representing 5.39% ownership of the company. In its prior filing, the firm reported owning 12,092K shares , representing a decrease of 0.75%. The firm decreased its portfolio allocation in APD by 41.48% over the last quarter.

Capital Research Global Investors holds 11,495K shares representing 5.16% ownership of the company. In its prior filing, the firm reported owning 13,597K shares , representing a decrease of 18.29%. The firm decreased its portfolio allocation in APD by 25.55% over the last quarter.

Dodge & Cox holds 8,821K shares representing 3.96% ownership of the company. In its prior filing, the firm reported owning 8,760K shares , representing an increase of 0.70%. The firm decreased its portfolio allocation in APD by 5.05% over the last quarter.

Capital International Investors holds 8,261K shares representing 3.71% ownership of the company. In its prior filing, the firm reported owning 6,172K shares , representing an increase of 25.29%. The firm increased its portfolio allocation in APD by 12.13% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,156K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 7,027K shares , representing an increase of 1.79%. The firm decreased its portfolio allocation in APD by 13.11% over the last quarter.