Air Products and Chemicals (NYSE:APD) Upgraded at StockNews.com

StockNews.com upgraded shares of Air Products and Chemicals (NYSE:APDFree Report) from a sell rating to a hold rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on APD. Citigroup cut their price objective on shares of Air Products and Chemicals from $285.00 to $280.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Argus lowered Air Products and Chemicals from a buy rating to a hold rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their target price on Air Products and Chemicals from $260.00 to $310.00 and gave the company a buy rating in a research report on Monday, June 10th. Bank of America upped their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the company a buy rating in a research report on Monday, June 10th. Finally, TD Cowen upped their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the company a buy rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $287.29.

View Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $272.91 on Friday. Air Products and Chemicals has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The company has a market capitalization of $60.67 billion, a PE ratio of 24.63, a P/E/G ratio of 2.95 and a beta of 0.84. The company has a 50-day simple moving average of $256.33 and a two-hundred day simple moving average of $251.74.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts expect that Air Products and Chemicals will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.59%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APD. Capital Research Global Investors lifted its position in shares of Air Products and Chemicals by 167.2% during the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock valued at $1,894,973,000 after buying an additional 4,330,471 shares in the last quarter. Norges Bank purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $852,288,000. Clearbridge Investments LLC lifted its position in shares of Air Products and Chemicals by 50.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock valued at $374,841,000 after buying an additional 520,179 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Air Products and Chemicals by 1,696.4% during the 4th quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock valued at $142,344,000 after buying an additional 489,350 shares in the last quarter. Finally, Scharf Investments LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter valued at approximately $87,173,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

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Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

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Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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