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

A number of research analysts have recently weighed in on APD shares. Credit Suisse Group AG reissued a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research note on Friday, April 29th. Barclays PLC raised 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 note on Monday, May 2nd. Zacks Investment Research cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Argus reissued a “hold” rating on shares of Air Products and Chemicals in a research note on Thursday, May 12th. Finally, 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 note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average price target of $152.64.

The firm’s 50-day moving average is $147.46 and its 200-day moving average is $142.32. The firm has a market cap of $33.29 billion and a price-to-earnings ratio of 57.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.24%.

In other news, insider Russell A. Flugel sold 2,050 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $151.54, for a total transaction of $310,657.00. Following the sale, the insider now owns 3,131 shares in the company, valued at $474,471.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John D. Stanley sold 9,597 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,439,550.00. Following the sale, the senior vice president now owns 28,479 shares in the company, valued at approximately $4,271,850. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 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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