HSBC started coverage on shares of Air Products and Chemicals Inc. (NYSE:APD) in a research note published on Tuesday. The firm issued a hold rating and a $140.00 price target on the stock.

Several other research analysts also recently weighed in on APD. Zacks Investment Research raised shares of Air Products and Chemicals from a hold rating to a buy rating and set a $167.00 target price on the stock in a research report on Monday, August 1st. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a neutral rating to an overweight rating and lifted their target price for the stock from $140.00 to $160.00 in a research report on Friday, August 12th. Credit Suisse Group AG set a $163.00 target price on shares of Air Products and Chemicals and gave the stock a buy rating in a research report on Monday, September 12th. Atlantic Securities raised shares of 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 research report on Friday, September 30th. Finally, Argus raised shares of Air Products and Chemicals from a hold rating to a buy rating and set a $159.00 target price on the stock in a research report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Air Products and Chemicals presently has a consensus rating of Hold and a consensus target price of $150.33.

Shares of Air Products and Chemicals (NYSE:APD) opened at 143.47 on Tuesday. The stock has a market capitalization of $31.19 billion, a P/E ratio of 49.64 and a beta of 1.24. Air Products and Chemicals has a 1-year low of $106.05 and a 1-year high of $146.01. The firm’s 50-day moving average is $135.81 and its 200 day moving average is $136.35.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, October 27th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.03. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts expect that Air Products and Chemicals will post $6.39 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 3rd will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.40%. Air Products and Chemicals’s dividend payout ratio is 119.03%.

Institutional investors have recently made changes to their positions in the stock. SevenBridge Financial Group LLC boosted its position in shares of Air Products and Chemicals by 22.2% in the third quarter. SevenBridge Financial Group LLC now owns 9,232 shares of the company’s stock worth $1,221,000 after buying an additional 1,679 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in Air Products and Chemicals during the third quarter valued at $466,000. D.A. Davidson & CO. raised its stake in Air Products and Chemicals by 27.6% in the third quarter. D.A. Davidson & CO. now owns 1,018 shares of the company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Air Products and Chemicals during the third quarter valued at $6,118,000. Finally, Garde Capital Inc. purchased a new stake in Air Products and Chemicals during the third quarter valued at $748,000. Institutional investors own 84.89% of the company’s stock.

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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