Air Products and Chemicals Inc. (NYSE:APD) – Analysts at Seaport Global Securities decreased their Q1 2017 EPS estimates for Air Products and Chemicals in a research note issued on Tuesday. Seaport Global Securities analyst M. Harrison now expects that the firm will post earnings of $1.58 per share for the quarter, down from their previous estimate of $2.02. Seaport Global Securities has a “Buy” rating and a $165.00 price target on the stock. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q2 2017 earnings at $1.60 EPS, Q3 2017 earnings at $1.64 EPS, Q4 2017 earnings at $1.70 EPS and FY2017 earnings at $6.52 EPS.

Other equities research analysts have also issued reports about the company. Credit Suisse Group AG set a $163.00 price target on Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Monday, August 1st. Citigroup Inc. reaffirmed a “hold” rating on shares of Air Products and Chemicals in a report on Sunday, July 17th. Morgan Stanley reaffirmed a “hold” rating on shares of Air Products and Chemicals in a report on Thursday, June 16th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $151.43.

Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

Shares of Air Products and Chemicals (NYSE:APD) traded up 0.36% on Friday, hitting $132.74. The stock had a trading volume of 822,310 shares. The firm has a 50 day moving average price of $138.92 and a 200 day moving average price of $135.83. Air Products and Chemicals has a one year low of $106.05 and a one year high of $146.01. The company has a market capitalization of $28.74 billion, a P/E ratio of 49.66 and a beta of 1.23.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.02. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 1.4% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in APD. National Pension Service boosted its position in Air Products and Chemicals by 8.6% in the third quarter. National Pension Service now owns 139,774 shares of the company’s stock worth $21,014,000 after buying an additional 11,081 shares during the period. Private Trust Co. NA boosted its position in Air Products and Chemicals by 8.6% in the third quarter. Private Trust Co. NA now owns 6,651 shares of the company’s stock worth $999,000 after buying an additional 525 shares during the period. Renaissance Investment Group LLC boosted its position in Air Products and Chemicals by 2.0% in the third quarter. Renaissance Investment Group LLC now owns 40,851 shares of the company’s stock worth $6,142,000 after buying an additional 783 shares during the period. Howland Capital Management LLC boosted its position in Air Products and Chemicals by 1.3% in the third quarter. Howland Capital Management LLC now owns 6,324 shares of the company’s stock worth $951,000 after buying an additional 80 shares during the period. Finally, MSI Financial Services Inc boosted its position in Air Products and Chemicals by 6.3% in the third quarter. MSI Financial Services Inc now owns 5,186 shares of the company’s stock worth $780,000 after buying an additional 309 shares during the period. Hedge funds and other institutional investors own 88.50% of the company’s stock.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, October 6th. Air Products and Chemicals’s payout ratio is presently 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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