Bank of America 13F: Adds $157M to APD Stake

Bank of America Lifts Holdings in Air Products and Chemicals

Bank of America increased its investment in Air Products and Chemicals, Inc. (NYSE: APD) during the period, according to a Form 13F filing with the SEC. Because 13F filings look backward at past quarters, this snapshot reflects holdings as of May 18, 2026, and may not match the firm's current position today. The major financial institution added 556,188 shares to its portfolio, representing a 14.3% increase from the prior period.

Position Details and Portfolio Value

Before this purchase, the fund held 3,887,343 shares of the specialty chemical maker. The addition brought its total share count to 4,443,531. Based on the reported data, the total value of the stake reached about $1.25 billion. This move highlights a notable expansion of the fund's exposure to the basic materials sector.

Air Products Stock Performance

Shares of Air Products and Chemicals trade near the $282.35 mark. The stock has moved through a 52-week trading range with a low of $229.11 and a high of $314.87. It trades close to its 200-day moving average of $284.13. The company has a forward P/E ratio of 19.36.

Dividend Commitments

Air Products pays an annual dividend of $7.24 per share, giving the stock a dividend yield of 2.55%. The company's payout ratio sits at 75.66%, reflecting how much of its earnings go toward shareholder payouts.

Wall Street Analyst Coverage

Wall Street firms have kept a generally positive outlook on the company through the autumn. On October 15, 2026, RBC Capital maintained its Outperform rating while adjusting its price target to $346.00 from $360.00. Earlier in the month, Barclays initiated coverage with an Overweight rating and a $353.00 price target. Citigroup maintained a Neutral rating with a $312.00 target on October 7, 2026, and UBS kept a Neutral rating with a $305.00 target on October 5, 2026. Argus Research maintained a Buy rating with a $329.00 target on September 9, 2026.

Inside Air Products and Chemicals

Air Products and Chemicals, Inc. produces atmospheric gases like oxygen and nitrogen, along with process gases such as hydrogen and helium for customers in refining, manufacturing, and electronics. Headquartered in Allentown, Pennsylvania, the company also designs and builds equipment for air separation and natural gas liquefaction.

What's Ahead for APD

Investors will look toward the company's next earnings report scheduled for November 5, 2026, for fresh financial details. Because institutional filings only provide a quarterly glance, further filings will show whether the bank continues to adjust its position.