Air Products and Chemicals, Inc. (APD) Reaches New 12-Month High at $154.06

Air Products and Chemicals, Inc. (NYSE:APD) reached a new 52-week high during trading on Friday . The company traded as high as $154.06 and last traded at $0.00, with a volume of shares trading hands.

A number of equities research analysts recently commented on the company. KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. Vertical Research reissued a “hold” rating and issued a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG increased their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and increased their price target for the company from $165.00 to $175.00 in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $157.15.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during 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 firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.48%. Air Products and Chemicals’s payout ratio is currently 28.51%.

A number of large investors have recently made changes to their positions in APD. Waldron LP acquired a new stake in Air Products and Chemicals in the first quarter valued at about $263,000. Penserra Capital Management LLC lifted its position in Air Products and Chemicals by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,380 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 120 shares during the period. Martingale Asset Management L P acquired a new stake in Air Products and Chemicals in the first quarter valued at about $637,000. RidgeWorth Capital Management LLC acquired a new stake in Air Products and Chemicals in the first quarter valued at about $55,937,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Air Products and Chemicals by 24.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 242,709 shares of the basic materials company’s stock valued at $32,838,000 after purchasing an additional 48,342 shares during the period. Hedge funds and other institutional investors own 87.87% of the company’s stock.

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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.

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