Air Products and Chemicals Inc. (NYSE:APD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $154.91 and last traded at $152.98, with a volume of 1,240,524 shares changing hands. The stock had previously closed at $151.52.

APD has been the subject of several research reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $161.00 target price on shares of Air Products and Chemicals in a research report on Friday, April 29th. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Tuesday, April 19th. Seaport Global Securities raised Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Monday, July 11th. Barclays PLC boosted their price objective 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. Finally, Argus reissued 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $152.64.

The firm’s 50 day moving average price is $146.46 and its 200 day moving average price is $142.04. The stock has a market capitalization of $33.07 billion and a P/E ratio of 57.14.

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, topping analysts’ consensus estimates of $1.90 by $0.02. During the same quarter last year, the business earned $1.65 earnings per share. The firm earned $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.27%.

In other news, SVP John D. Stanley sold 2,478 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $143.40, for a total value of $355,345.20. Following the completion of the sale, the senior vice president now owns 20,382 shares in the company, valued at $2,922,778.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John D. Stanley sold 9,597 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $150.00, for a total value of $1,439,550.00. Following the completion of the sale, the senior vice president now owns 28,479 shares of the company’s stock, valued at approximately $4,271,850. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Calvert Investment Management Inc. raised 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. Suntrust Banks Inc. raised its stake in 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. Birch Hill Investment Advisors LLC raised 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. Utah Retirement Systems raised 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, American International Group Inc. raised 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.

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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