Air Products and Chemicals, Inc. (NYSE:APD) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.95 per share by the basic materials company on Monday, February 12th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.33%.
Air Products and Chemicals has raised its dividend payment by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 34 years. Air Products and Chemicals has a payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Air Products and Chemicals to earn $7.63 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 49.8%.
Shares of Air Products and Chemicals (APD) traded up $2.46 during midday trading on Tuesday, reaching $162.76. The company had a trading volume of 1,935,100 shares, compared to its average volume of 1,332,517. The stock has a market capitalization of $34,938.57, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.89 and a beta of 1.24. Air Products and Chemicals has a 52-week low of $133.63 and a 52-week high of $163.56. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33.
Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating the Zacks’ 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%. Air Products and Chemicals’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.01 earnings per share. sell-side analysts anticipate that Air Products and Chemicals will post 7 earnings per share for the current year.
A number of equities research analysts recently commented on the company. SunTrust Banks, Inc. upped their target price on Air Products and Chemicals to $185.00 and gave the company a “buy” rating in a research report on Monday. They noted that the move was a valuation call. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday. Argus upped their target price on Air Products and Chemicals to $192.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Susquehanna Bancshares Inc upped their target price on Air Products and Chemicals and gave the company a “positive” rating in a research report on Tuesday, November 7th. Finally, UBS AG upped their target price on Air Products and Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.80.
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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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