Air Products and Chemicals, Inc. (NYSE:APD) had its price objective upped by Argus from $159.00 to $165.00 in a research note published on Monday. They currently have a buy rating on the basic materials company’s stock.

APD has been the topic of several other reports. Deutsche Bank AG raised shares of Air Products and Chemicals from a hold rating to a buy rating and upped their price objective for the company from $148.00 to $160.00 in a report on Monday, May 1st. Credit Suisse Group reaffirmed an outperform rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Air Products and Chemicals from a buy rating to a hold rating in a report on Monday, May 1st. Vertical Research raised shares of Air Products and Chemicals from a sell rating to a hold rating and set a $146.00 price objective on the stock in a report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $153.23.

Shares of Air Products and Chemicals (APD) opened at 145.37 on Monday. The company has a 50 day moving average of $145.68 and a 200 day moving average of $142.34. Air Products and Chemicals has a 1-year low of $129.00 and a 1-year high of $150.45. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of 10.92 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. On average, equities analysts forecast that Air Products and Chemicals will post $6.23 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

A number of hedge funds and other institutional investors have recently modified their holdings of APD. Boston Advisors LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $292,000. State of Alaska Department of Revenue acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $109,000. Waldron LP acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $263,000. Korea Investment CORP boosted its position in shares of Air Products and Chemicals by 168.2% in the first quarter. Korea Investment CORP now owns 244,489 shares of the basic materials company’s stock worth $33,077,000 after buying an additional 153,346 shares during the last quarter. Finally, Youngs Advisory Group Inc. boosted its position in shares of Air Products and Chemicals by 1.6% in the first quarter. Youngs Advisory Group Inc. now owns 82,505 shares of the basic materials company’s stock worth $11,162,000 after buying an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Air Products and Chemicals

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.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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