Shares of Air Products & Chemicals, Inc. (NYSE:APD) reached a new 52-week high on Tuesday . The company traded as high as $169.72 and last traded at $169.95, with a volume of 297754 shares traded. The stock had previously closed at $168.63.

A number of research firms have recently weighed in on APD. raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. HSBC raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Credit Suisse Group upped their price objective on Air Products & Chemicals from $158.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Barclays upped their price objective on Air Products & Chemicals from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $175.00 price objective on shares of Air Products & Chemicals in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $166.79.

The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $36,950.00, a P/E ratio of 32.68, a P/E/G ratio of 1.69 and a beta of 1.24.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.01 earnings per share. equities research analysts anticipate that Air Products & Chemicals, Inc. will post 7.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.25%. Air Products & Chemicals’s payout ratio is currently 73.64%.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Air Products & Chemicals by 3.6% during the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock worth $2,502,580,000 after purchasing an additional 604,454 shares in the last quarter. BlackRock Inc. boosted its stake in Air Products & Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after acquiring an additional 1,131,879 shares in the last quarter. State Street Corp boosted its stake in Air Products & Chemicals by 2.8% in the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after acquiring an additional 291,150 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Air Products & Chemicals by 17.6% in the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock valued at $629,878,000 after acquiring an additional 624,210 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Air Products & Chemicals by 2.0% in the third quarter. Janus Henderson Group PLC now owns 2,774,243 shares of the basic materials company’s stock valued at $419,518,000 after acquiring an additional 54,048 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

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Air Products & 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.

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