Bank of America 13F: Adds $165M to APD Stake
Bank of America has boosted its position in Air Products, adding over half a million shares to reach a total of 4.44 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America added 556,188 shares to its stake in Air Products and Chemicals, Inc. ($APD), a 14.31% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 4,443,531 shares worth $1.32 billion at the end of the quarter.
Since the filing, $APD is down 1.3% after 1 week, down 3.9% after 1 month and up 3.5% to date (from the $289.60 close on May 18, 2026).
APD
Air Products and Chemicals, Inc.
Key Points
- Bank of America raised its stake in Air Products and Chemicals, Inc. (NYSE: APD) by 556,188 shares, bringing its total to 4.44 million shares valued at about $1.32 billion as of May 18, 2026.
- Bank of America held 4,443,531 $APD shares at quarter end, up 14.31% from the prior quarter.
- The stock is currently trading at $296.51, above its 52-week low of $229.11, which could indicate positive market sentiment around the company.
- Analysts maintain a consensus rating of 'buy' for Air Products, with a mean price target of $345.11, suggesting confidence in the company's growth prospects.
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Bank of America Boosts Position in Air Products
Bank of America increased its stake in Air Products and Chemicals, Inc. (NYSE: APD) by 556,188 shares, raising its total holdings to 4,443,531 shares. This move reflects a 14.3% increase in its position, valued at approximately $1.32 billion as of May 18, 2026. The filing was submitted as part of the latest Form 13F with the SEC, which shows the fund's holdings as of the reporting period.
Why Bank of America Increased Its Stake
The latest filing shows Bank of America has not only added to its position but is also confident in Air Products' performance. The increase from 3,887,343 shares to 4,443,531 shares highlights a significant commitment to the company. The reported value of $1.32 billion suggests that Bank of America sees potential in the specialty chemicals sector, where Air Products operates.
Institutional Moves in Air Products
No other funds reported changes in their positions in Air Products in the latest quarter. This lack of activity from peers could indicate a wait-and-see approach among institutional investors, although Bank of America's boost stands out in this context.
How Air Products and Chemicals, Inc. Stock Has Traded
As of the last published price on Friday, May 18, 2026, Air Products shares are trading at $296.51. This price is above its 50-day moving average of $298.65, suggesting that the stock is maintaining a strong position despite recent fluctuations. The shares are also significantly above their 52-week low of $229.11, indicating a recovery and potential growth in value.
Analysts Set New Price Targets
On October 15, 2026, RBC Capital maintained its 'Outperform' rating for Air Products with a target price of $346.00, down from a previous target of $360.00. Barclays initiated coverage with an 'Overweight' rating and a target of $353.00 on October 13, 2026. Citigroup and UBS both maintained 'Neutral' ratings with targets of $312.00 and $305.00, respectively, indicating a mixed outlook among analysts. The consensus rating remains a 'buy' with a mean price target of $345.11 based on 19 analyst opinions.
What Air Products and Chemicals, Inc. Does
Air Products and Chemicals, Inc. provides a range of gases and related services for various industries, including refining, manufacturing, and medical sectors. The company has a strong international presence and is known for its focus on specialty chemicals, which is reflected in the recent interest from institutional investors like Bank of America.
What's Ahead for Air Products and Chemicals, Inc.
Investors will be watching for Air Products' next earnings report scheduled for November 5, 2026. The recent 13F filing reflects Bank of America's position as of May 18, 2026, and may not represent its current holdings. Further updates from analysts and potential changes in institutional positions could provide more insights into the company's future prospects.
Related Filing Alerts
Source: Bank of America's 13F filing on $APD (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts