Air Products and Chemicals Inc. (NYSE:APD) has received an average rating of “Hold” from the sixteen brokerages that are currently covering the company. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $149.17.

A number of equities research analysts have weighed in on APD shares. Zacks Investment Research downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Atlantic Securities upgraded Air Products and Chemicals from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $125.00 to $135.00 in a report on Friday, September 30th. Jefferies Group reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 29th. Citigroup Inc. lowered their target price on Air Products and Chemicals from $157.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Seaport Global Securities upgraded Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 target price for the company in a report on Monday, July 11th.

In other Air Products and Chemicals news, insider Russell A. Flugel sold 2,050 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $151.54, for a total value of $310,657.00. Following the transaction, the insider now owns 3,131 shares of the company’s stock, valued at $474,471.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Guillermo Novo sold 2,447 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $148.94, for a total value of $364,456.18. Following the completion of the transaction, the vice president now directly owns 12,805 shares in the company, valued at approximately $1,907,176.70. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its position in Air Products and Chemicals by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,757 shares of the company’s stock valued at $392,000 after buying an additional 9 shares in the last quarter. Hudock Capital Group LLC boosted its position in Air Products and Chemicals by 0.4% in the second quarter. Hudock Capital Group LLC now owns 2,010 shares of the company’s stock valued at $285,000 after buying an additional 9 shares in the last quarter. Davis Selected Advisers boosted its position in Air Products and Chemicals by 0.6% in the second quarter. Davis Selected Advisers now owns 1,815 shares of the company’s stock valued at $258,000 after buying an additional 11 shares in the last quarter. Bollard Group LLC boosted its position in Air Products and Chemicals by 0.6% in the second quarter. Bollard Group LLC now owns 2,067 shares of the company’s stock valued at $294,000 after buying an additional 12 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Air Products and Chemicals by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 3,613 shares of the company’s stock valued at $513,000 after buying an additional 16 shares in the last quarter. 88.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals (NYSE:APD) opened at 132.81 on Monday. The company has a market cap of $28.76 billion, a PE ratio of 49.69 and a beta of 1.23. The stock’s 50 day moving average price is $139.25 and its 200-day moving average price is $135.86. Air Products and Chemicals has a 52 week low of $106.05 and a 52 week high of $146.01.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.02. The business earned $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Analysts expect that Air Products and Chemicals will post $7.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $3.44 annualized dividend and a yield of 2.59%. Air Products and Chemicals’s dividend payout ratio is currently 128.84%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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