Shares of Air Products and Chemicals Inc. (NYSE:APD) saw strong trading volume on Friday . 902,539 shares traded hands 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.

APD has been the topic of a number of recent analyst reports. Citigroup Inc. reissued a “hold” rating on shares of Air Products and Chemicals in a research report on Sunday, July 17th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $160.00 in a research report on Friday. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, May 4th. Barclays PLC lifted their price target on shares of Air Products and Chemicals from $147.00 to $162.00 and gave the company an “equal weight” rating in a research report on Monday, May 2nd. Finally, Seaport Global Securities raised shares of Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Air Products and Chemicals has an average rating of “Hold” and an average target price of $152.64.

The company’s 50 day moving average is $146.13 and its 200 day moving average is $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 released its quarterly earnings data on Thursday, July 28th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. The company earned $2.43 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $1.65 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current fiscal year.

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

In related news, SVP John D. Stanley sold 2,478 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $143.40, for a total value of $355,345.20. Following the sale, the senior vice president now owns 20,382 shares in the company, valued at approximately $2,922,778.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John D. Stanley sold 8,720 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $150.00, for a total value of $1,308,000.00. Following the completion of the sale, the senior vice president now owns 25,152 shares in the company, valued at approximately $3,772,800. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Calvert Investment Management Inc. boosted its stake in 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 worth $2,021,000 after buying an additional 4,992 shares during the period. American International Group Inc. boosted its stake in 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 worth $12,273,000 after buying an additional 2,712 shares during the period. BlackRock Advisors LLC boosted its stake in Air Products and Chemicals by 6.3% in the fourth quarter. BlackRock Advisors LLC now owns 317,255 shares of the company’s stock worth $41,278,000 after buying an additional 18,807 shares during the period. Utah Retirement Systems boosted its stake in Air Products and Chemicals by 0.3% in the fourth quarter. Utah Retirement Systems now owns 38,543 shares of the company’s stock worth $5,015,000 after buying an additional 100 shares during the period. Finally, Birch Hill Investment Advisors LLC boosted its stake in 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.

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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