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

Several analysts recently weighed in on the company. Citigroup Inc. restated a “hold” rating on shares of Air Products and Chemicals in a report on Sunday, July 17th. Barclays PLC lifted their price objective on Air Products and Chemicals from $147.00 to $162.00 and gave the company an “equal weight” rating in a report on Monday, May 2nd. Zacks Investment Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Wednesday, May 4th. Vetr downgraded 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 report on Wednesday, May 25th. Finally, Argus restated a “hold” rating on shares of Air Products and Chemicals in a report on Thursday, May 12th. One research 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 a consensus rating of “Hold” and a consensus price target of $152.64.

The stock has a market cap of $33.61 billion and a PE ratio of 58.07. The company’s 50 day moving average price is $149.36 and its 200 day moving average price is $143.10.

Air Products and Chemicals (NYSE:APD) last issued its 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. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business posted $1.65 EPS. Air Products and Chemicals’s revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.22%.

In other Air Products and Chemicals news, insider Russell A. Flugel sold 2,050 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $151.54, for a total transaction of $310,657.00. Following the transaction, the insider now owns 3,131 shares of the company’s stock, valued at $474,471.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Guillermo Novo sold 7,997 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $149.58, for a total value of $1,196,191.26. Following the transaction, the vice president now directly owns 23,590 shares in the company, valued at approximately $3,528,592.20. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position 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 valued at $12,273,000 after buying an additional 2,712 shares during the period. BlackRock Advisors LLC raised its position 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 valued at $41,278,000 after buying an additional 18,807 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in 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.

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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