Shares of Air Products & Chemicals (NYSE:APD) have been assigned a consensus rating of “Buy” from the twenty analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $180.36.
Several research firms recently weighed in on APD. Zacks Investment Research downgraded Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BMO Capital Markets began coverage on Air Products & Chemicals in a research report on Tuesday, March 27th. They set an “outperform” rating and a $195.00 target price on the stock. JPMorgan Chase upgraded Air Products & Chemicals from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Citigroup increased their target price on Air Products & Chemicals from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, KeyCorp raised their price objective on Air Products & Chemicals from $175.00 to $184.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th.
Hedge funds have recently bought and sold shares of the company. Virtue Capital Management LLC acquired a new stake in shares of Air Products & Chemicals in the fourth quarter valued at about $100,000. Cerebellum GP LLC acquired a new stake in shares of Air Products & Chemicals in the fourth quarter valued at about $129,000. Tortoise Investment Management LLC grew its stake in shares of Air Products & Chemicals by 3,369.6% in the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock valued at $121,000 after buying an additional 775 shares in the last quarter. Prentiss Smith & Co. Inc. acquired a new stake in shares of Air Products & Chemicals in the fourth quarter valued at about $139,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Air Products & Chemicals in the fourth quarter valued at about $195,000. Institutional investors and hedge funds own 87.70% of the company’s stock.
Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 26th. The basic materials company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.13. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. equities analysts anticipate that Air Products & Chemicals will post 7.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, March 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is 69.73%.
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Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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