Air Products & Chemicals, Inc. (NYSE:APD) has received an average recommendation of “Buy” from the fifteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $214.64.
A number of equities research analysts have weighed in on APD shares. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Thursday, January 24th. Credit Suisse Group upped their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets upped their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. KeyCorp upped their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Deutsche Bank upped their price objective on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 25th.
Several large investors have recently bought and sold shares of the company. IMA Wealth Inc. boosted its holdings in Air Products & Chemicals by 285.7% in the first quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Field & Main Bank purchased a new stake in Air Products & Chemicals in the first quarter worth approximately $27,000. Athena Capital Advisors LLC purchased a new stake in Air Products & Chemicals in the fourth quarter worth approximately $28,000. Advisory Alpha LLC purchased a new stake in Air Products & Chemicals in the first quarter worth approximately $29,000. Finally, Old North State Trust LLC boosted its holdings in Air Products & Chemicals by 376.1% in the fourth quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.
Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm earned $1.71 earnings per share. Air Products & Chemicals’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Air Products & Chemicals will post 8.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, June 28th. Air Products & Chemicals’s payout ratio is 62.28%.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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