Shares of Air Products and Chemicals Inc. (NYSE:APD) saw an uptick in trading volume on Friday . 902,539 shares were traded during trading, an increase of 7% from the previous session’s volume of 845,311 shares.The stock last traded at $150.24 and had previously closed at $149.05.

A number of research firms have commented on APD. Barclays PLC lifted their price objective on shares of 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. Citigroup Inc. reaffirmed a “hold” rating on shares of Air Products and Chemicals in a research report on Sunday, July 17th. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, May 4th. Vetr cut shares of Air Products and Chemicals from a “sell” rating to a “strong sell” rating and set a $125.00 price objective for the company. in a research report on Wednesday, May 25th. Finally, Argus reaffirmed a “hold” rating on shares of Air Products and Chemicals in a research report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Air Products and Chemicals presently has an average rating of “Hold” and an average target price of $152.64.

The firm has a 50 day moving average of $146.13 and a 200-day moving average of $141.47. The stock has a market cap of $32.45 billion and a P/E ratio of 56.06.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. During the same quarter in the previous year, the company posted $1.65 EPS. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.30%.

In other Air Products and Chemicals news, VP Guillermo Novo sold 2,447 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $148.94, for a total value of $364,456.18. Following the completion of the transaction, the vice president now owns 12,805 shares in the company, valued at approximately $1,907,176.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John D. Stanley sold 8,720 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $150.00, for a total value of $1,308,000.00. Following the completion of the transaction, the senior vice president now owns 25,152 shares of the company’s stock, valued at approximately $3,772,800. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently modified their holdings of the company. Calvert Investment Management Inc. increased its position in shares of Air Products and Chemicals by 47.4% in the fourth quarter. Calvert Investment Management Inc. now owns 15,530 shares of the company’s stock valued at $2,021,000 after buying an additional 4,992 shares in the last quarter. American International Group Inc. increased its position in shares of Air Products and Chemicals by 3.0% in the fourth quarter. American International Group Inc. now owns 94,316 shares of the company’s stock valued at $12,273,000 after buying an additional 2,712 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Air Products and Chemicals by 6.3% in the fourth quarter. BlackRock Advisors LLC now owns 317,255 shares of the company’s stock valued at $41,278,000 after buying an additional 18,807 shares in the last quarter. Utah Retirement Systems increased its position in shares of Air Products and Chemicals by 0.3% in the fourth quarter. Utah Retirement Systems now owns 38,543 shares of the company’s stock valued at $5,015,000 after buying an additional 100 shares in the last quarter. Finally, Employees Retirement System of Texas increased its position in shares of 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 valued at $21,013,000 after buying an additional 104,200 shares in the last quarter.

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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