Air Products and Chemicals, Inc. (NYSE:APD) – Investment analysts at Seaport Global Securities raised their Q2 2018 earnings per share (EPS) estimates for shares of Air Products and Chemicals in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $1.71 for the quarter, up from their previous estimate of $1.68. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q3 2018 earnings at $1.83 EPS, Q4 2018 earnings at $1.83 EPS and FY2018 earnings at $7.02 EPS.

APD has been the subject of several other research reports. KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a report on Friday, September 8th. Deutsche Bank AG lifted their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Vertical Research reaffirmed a “hold” rating and set a $148.00 target price (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Susquehanna Bancshares Inc raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $165.00 to $175.00 in a research note on Thursday, September 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $155.33.

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Shares of Air Products and Chemicals (APD) traded up 0.44% during trading on Tuesday, hitting $151.99. 246,557 shares of the company were exchanged. The firm’s 50-day moving average price is $146.74 and its 200 day moving average price is $142.94. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $151.99. The firm has a market capitalization of $33.13 billion, a PE ratio of 11.42 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. Air Products and Chemicals’s revenue for the quarter was up 10.8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.52%. Air Products and Chemicals’s payout ratio is 28.51%.

Hedge funds have recently made changes to their positions in the company. Patten Group Inc. boosted its position in shares of Air Products and Chemicals by 3.7% during the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 6 shares during the last quarter. IMS Capital Management acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $129,000. Armbruster Capital Management Inc. boosted its position in shares of Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 108 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in shares of Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 75 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

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 is also a supplier of liquefied natural gas process technology and equipment.

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

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