Air Products & Chemicals, Inc. (APD) Given Average Rating of “Hold” by Analysts

Air Products & Chemicals, Inc. (NYSE:APD) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $149.92.

A number of analysts have recently issued reports on APD shares. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. Jefferies Group LLC reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note on Monday, January 23rd. Evercore ISI started coverage on shares of Air Products & Chemicals in a research note on Monday, February 13th. They set a “sell” rating and a $131.00 price objective on the stock. Robert W. Baird lowered shares of Air Products & Chemicals from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $146.00 to $140.00 in a research note on Monday, January 30th. Finally, Barclays PLC assumed coverage on shares of Air Products & Chemicals in a research report on Monday, February 13th. They set an “overweight” rating and a $160.00 price target for the company.

Air Products & Chemicals (NYSE:APD) traded up 0.45% during mid-day trading on Wednesday, reaching $137.51. 581,448 shares of the company were exchanged. The company has a 50 day moving average of $136.87 and a 200-day moving average of $139.98. Air Products & Chemicals has a 1-year low of $122.64 and a 1-year high of $150.45. The company has a market capitalization of $29.92 billion, a price-to-earnings ratio of 52.95 and a beta of 1.26.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 27th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by $0.01. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Air Products & Chemicals had a net margin of 6.27% and a return on equity of 22.02%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. On average, equities research analysts forecast that Air Products & Chemicals will post $6.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 8th. Stockholders of record on Monday, April 3rd will be issued a dividend of $0.95 per share. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $3.80 annualized dividend and a dividend yield of 2.78%. Air Products & Chemicals’s payout ratio is 132.82%.

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Several institutional investors have recently made changes to their positions in APD. Hudock Capital Group LLC increased its position in shares of Air Products & Chemicals by 0.4% in the third quarter. Hudock Capital Group LLC now owns 2,019 shares of the basic materials company’s stock valued at $303,000 after buying an additional 9 shares during the period. Bollard Group LLC increased its position in shares of Air Products & Chemicals by 0.5% in the third quarter. Bollard Group LLC now owns 2,078 shares of the basic materials company’s stock valued at $312,000 after buying an additional 11 shares during the period. Brighton Jones LLC increased its position in shares of Air Products & Chemicals by 0.6% in the third quarter. Brighton Jones LLC now owns 1,922 shares of the basic materials company’s stock valued at $289,000 after buying an additional 11 shares during the period. Davis Selected Advisers increased its position in shares of Air Products & Chemicals by 0.6% in the fourth quarter. Davis Selected Advisers now owns 1,836 shares of the basic materials company’s stock valued at $264,000 after buying an additional 11 shares during the period. Finally, Sigma Planning Corp increased its position in shares of Air Products & Chemicals by 0.6% in the third quarter. Sigma Planning Corp now owns 2,561 shares of the basic materials company’s stock valued at $385,000 after buying an additional 15 shares during the period. 84.18% of the stock is owned by institutional investors.

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 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.

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