Air Products and Chemicals Inc. (NYSE:APD) shares saw unusually-high trading volume on Tuesday . Approximately 2,049,059 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 1,193,325 shares.The stock last traded at $147.70 and had previously closed at $144.86.

APD has been the topic of several research reports. Credit Suisse Group AG initiated coverage on Air Products and Chemicals in a research report on Thursday, March 24th. They issued an “outperform” rating and a $161.00 target price on the stock. Deutsche Bank AG downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $152.00 to $150.00 in a research report on Monday, April 4th. Citigroup Inc. increased their price target on Air Products and Chemicals from $139.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, April 18th. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Tuesday, April 19th. Finally, Barclays PLC increased their price target on Air Products and Chemicals from $147.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $149.14.

The company’s 50-day moving average price is $142.99 and its 200 day moving average price is $137.58. The stock has a market capitalization of $31.92 billion and a P/E ratio of 58.31.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.01. The company earned $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Air Products and Chemicals’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. On average, equities analysts predict that Air Products and Chemicals Inc. will post $7.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 8th. Investors of record on Friday, July 1st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 29th.

In related news, SVP John D. Stanley sold 2,478 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $143.40, for a total value of $355,345.20. Following the completion of the transaction, the senior vice president now directly owns 20,382 shares of the company’s stock, valued at $2,922,778.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Other institutional investors recently added to or reduced their stakes in the company. Employees Retirement System of Texas increased its position in Air Products and Chemicals by 181.8% in the fourth quarter. Employees Retirement System of Texas now owns 161,500 shares of the company’s stock worth $21,013,000 after buying an additional 104,200 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in shares of Air Products and Chemicals by 0.5% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 18,812 shares of the company’s stock worth $2,448,000 after buying an additional 100 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of Air Products and Chemicals by 3.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 11,955 shares of the company’s stock worth $1,555,000 after buying an additional 395 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Air Products and Chemicals by 57.7% in the fourth quarter. Suntrust Banks Inc. now owns 18,278 shares of the company’s stock worth $2,377,000 after buying an additional 6,687 shares during the period. Finally, Cambridge Trust Co. boosted its stake in shares of Air Products and Chemicals by 1.1% in the fourth quarter. Cambridge Trust Co. now owns 7,712 shares of the company’s stock worth $1,003,000 after buying an additional 86 shares during the period.

Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste, and Corporate and other.

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