Air Products and Chemicals, Inc. (NYSE:APD) Receives $331.53 Average PT from Analysts

Shares of Air Products and Chemicals, Inc. (NYSE:APD) have earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $332.71.

A number of brokerages have issued reports on APD. JPMorgan Chase & Co. lowered their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a report on Monday, November 18th. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th.

Air Products and Chemicals Trading Down 0.3 %

Air Products and Chemicals stock opened at $307.07 on Monday. The firm has a market cap of $68.29 billion, a PE ratio of 17.87, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $309.35 and its two-hundred day simple moving average is $293.39. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $337.00.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. Air Products and Chemicals’s payout ratio is 41.21%.

Institutional Trading of Air Products and Chemicals

A number of institutional investors have recently bought and sold shares of APD. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals during the third quarter worth approximately $25,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the second quarter valued at $32,000. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% during the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter worth approximately $42,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

About Air Products and Chemicals

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.