upgraded shares of Air Products and Chemicals, Inc. (NYSE:APD) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have $140.00 target price on the basic materials company’s stock.

APD has been the topic of a number of other reports. Jefferies Group LLC reiterated a hold rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Thursday, September 28th. Citigroup Inc. boosted their price objective on Air Products and Chemicals from $172.30 to $185.00 and gave the company a buy rating in a research note on Friday, October 27th. UBS AG boosted their price objective on Air Products and Chemicals from $162.00 to $172.00 and gave the company a buy rating in a research note on Friday, October 27th. Credit Suisse Group reiterated an outperform rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Barclays PLC reiterated a buy rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $164.80.

Shares of Air Products and Chemicals (NYSE:APD) traded up $0.32 on Monday, hitting $161.18. The company’s stock had a trading volume of 1,206,000 shares, compared to its average volume of 1,328,963. The company has a market capitalization of $35,320.00, a price-to-earnings ratio of 25.49, a PEG ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. Air Products and Chemicals has a 52-week low of $133.63 and a 52-week high of $163.56.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. equities analysts forecast that Air Products and Chemicals will post 7 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, December 29th. Air Products and Chemicals’s payout ratio is 73.64%.

A number of institutional investors have recently bought and sold shares of APD. Wellington Management Group LLP grew its position in Air Products and Chemicals by 5.9% during the first quarter. Wellington Management Group LLP now owns 10,074 shares of the basic materials company’s stock worth $1,363,000 after buying an additional 563 shares in the last quarter. BlueCrest Capital Management Ltd boosted its holdings in shares of Air Products and Chemicals by 488.6% in the 1st quarter. BlueCrest Capital Management Ltd now owns 8,264 shares of the basic materials company’s stock worth $1,118,000 after purchasing an additional 6,860 shares in the last quarter. Paloma Partners Management Co boosted its holdings in shares of Air Products and Chemicals by 2,354.3% in the 1st quarter. Paloma Partners Management Co now owns 46,582 shares of the basic materials company’s stock worth $6,302,000 after purchasing an additional 44,684 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth about $2,871,000. Finally, TPG Group Holdings SBS Advisors Inc. boosted its holdings in shares of Air Products and Chemicals by 9.3% in the 1st quarter. TPG Group Holdings SBS Advisors Inc. now owns 442,990 shares of the basic materials company’s stock worth $59,932,000 after purchasing an additional 37,678 shares in the last quarter. Institutional investors and hedge funds own 88.58% 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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