Brokerages Set Air Products and Chemicals, Inc. (NYSE:APD) Price Target at $331.53

Air Products and Chemicals, Inc. (NYSE:APD) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $332.71.

APD has been the subject of a number of analyst reports. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Monday, November 18th. Finally, Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th.

Air Products and Chemicals Price Performance

APD stock opened at $317.11 on Monday. The stock has a market capitalization of $70.52 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.88 and a beta of 0.84. The firm’s 50-day moving average price is $309.42 and its two-hundred day moving average price is $294.40. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $337.00.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Institutional Trading of Air Products and Chemicals

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. raised its holdings in Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Mutual Advisors LLC raised its stake in shares of Air Products and Chemicals by 4.3% during the 4th quarter. Mutual Advisors LLC now owns 3,518 shares of the basic materials company’s stock worth $1,098,000 after buying an additional 145 shares during the period. Olistico Wealth LLC lifted its position in shares of Air Products and Chemicals by 9.2% during the 4th quarter. Olistico Wealth LLC now owns 1,190 shares of the basic materials company’s stock valued at $345,000 after buying an additional 100 shares in the last quarter. True North Advisors LLC grew its stake in Air Products and Chemicals by 5.3% in the 4th quarter. True North Advisors LLC now owns 4,401 shares of the basic materials company’s stock valued at $1,276,000 after acquiring an additional 221 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Air Products and Chemicals by 106.3% in the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock worth $3,914,000 after acquiring an additional 6,952 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

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.