Shares of Air Products and Chemicals Inc. (NYSE:APD) hit a new 52-week high on Tuesday . The company traded as high as $156.85 and last traded at $155.62, with a volume of 395,598 shares traded. The stock had previously closed at $155.48.

Several brokerages recently commented on APD. Citigroup Inc. reissued a “hold” rating on shares of Air Products and Chemicals in a research note 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 note on Wednesday, May 4th. Barclays PLC increased their price objective on shares of Air Products and Chemicals from $147.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, May 2nd. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $160.00 in a research note on Friday, August 12th. 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 objective for the company in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $152.64.

The firm has a market capitalization of $33.69 billion and a PE ratio of 58.21. The stock’s 50-day moving average price is $148.71 and its 200 day moving average price is $142.87.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.21%.

In other Air Products and Chemicals news, insider Russell A. Flugel sold 2,050 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $151.54, for a total value of $310,657.00. Following the completion of the transaction, the insider now directly owns 3,131 shares in the company, valued at approximately $474,471.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John D. Stanley sold 8,720 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $150.00, for a total transaction 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 $3,772,800. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of Air Products and Chemicals by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 546,100 shares of the company’s stock valued at $71,054,000 after buying an additional 47,681 shares during the period. BlackRock Advisors LLC raised 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 during the period. Calvert Investment Management Inc. raised 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 during the period. American International Group Inc. raised 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 during the period. Finally, Birch Hill Investment Advisors LLC raised its position 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 valued at $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.