APD
Air Products and Chemicals Inc. Materials - Industrial Gases Investor Relations →
Air Products and Chemicals Inc. (APD) closed at $283.12 as of 2026-02-02, trading 8.0% above its 200-week moving average of $262.27. The stock moved further from the line this week, up from 4.0% last week. With a 14-week RSI of 71, APD is in overbought territory.
Over the past 2346 weeks of data, APD has crossed below its 200-week moving average 27 times. On average, these episodes lasted 10 weeks. Historically, investors who bought APD at the start of these episodes saw an average one-year return of +16.6%.
With a market cap of $63.0 billion, APD is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -1.7%. The stock trades at 4.1x book value.
APD is a Dividend Aristocrat, having increased its dividend for 25 or more consecutive years. The current yield is 256.00%.
Over the past 33.2 years, a hypothetical investment of $100 in APD would have grown to $2945, compared to $2849 for the S&P 500. That represents an annualized return of 10.7% vs 10.6% for the index — confirming APD as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: APD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After APD Crosses Below the Line?
Across 21 historical episodes, buying APD when it crossed below its 200-week moving average produced an average return of +16.1% after 12 months (median +17.0%), compared to +6.4% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +27.1% vs +10.3% for the index.
Each line shows $100 invested at the moment APD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
APD has crossed below its 200-week MA 27 times with an average 1-year return of +16.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Mar 1981 | 3 | 2.6% | -26.3% | +15083.5% |
| May 1981 | Jan 1983 | 85 | 38.1% | -19.1% | +15128.0% |
| Feb 1984 | Mar 1984 | 2 | 4.2% | +33.1% | +16652.3% |
| Jul 1984 | Jul 1984 | 1 | 0.4% | +42.9% | +15932.3% |
| Nov 1987 | Dec 1987 | 1 | 0.7% | +31.3% | +9358.8% |
| Aug 1998 | Oct 1998 | 6 | 5.4% | +11.4% | +1748.6% |
| Feb 1999 | Feb 1999 | 1 | 2.0% | -2.3% | +1687.8% |
| Feb 1999 | Mar 1999 | 4 | 3.9% | -17.0% | +1694.7% |
| Jul 1999 | Aug 1999 | 1 | 2.6% | +1.1% | +1608.5% |
| Aug 1999 | May 2000 | 36 | 28.3% | +8.7% | +1558.8% |
| May 2000 | Aug 2000 | 11 | 13.1% | +36.1% | +1529.4% |
| Sep 2000 | Sep 2000 | 2 | 3.6% | +18.9% | +1496.9% |
| Oct 2000 | Oct 2000 | 1 | 3.8% | +11.4% | +1546.8% |
| Nov 2000 | Nov 2000 | 3 | 3.9% | +25.6% | +1502.2% |
| Sep 2001 | Sep 2001 | 1 | 5.9% | +30.3% | +1528.9% |
| Sep 2008 | Jul 2009 | 43 | 38.0% | +10.6% | +567.8% |
| Feb 2010 | Mar 2010 | 4 | 6.0% | +32.4% | +566.9% |
| May 2010 | Aug 2010 | 13 | 11.7% | +33.6% | +540.7% |
| Aug 2011 | Aug 2011 | 1 | 0.7% | +15.6% | +485.9% |
| Mar 2022 | Mar 2022 | 1 | 3.6% | +31.5% | +43.0% |
| Jul 2022 | Jul 2022 | 2 | 3.3% | +26.6% | +33.3% |
| Sep 2022 | Oct 2022 | 4 | 2.5% | +23.9% | +30.6% |
| Jan 2024 | May 2024 | 17 | 16.0% | +25.2% | +14.5% |
| Jun 2024 | Jul 2024 | 2 | 3.3% | +12.2% | +14.8% |
| Mar 2025 | Apr 2025 | 3 | 0.4% | N/A | +10.3% |
| Oct 2025 | Jan 2026 | 13 | 8.6% | N/A | +10.9% |
| Jan 2026 | Jan 2026 | 1 | 0.2% | N/A | +8.3% |
| Average | 10 | — | +16.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02