Air Products and Chemicals Inc. (APD) Reaches New 12-Month High at $157.51
Air Products and Chemicals Inc. (NYSE:APD) shares reached a new 52-week high during trading on Monday . The company traded as high as $157.51 and last traded at $155.73, with a volume of 449,679 shares changing hands. The stock had previously closed at $154.25.
A number of research analysts have commented on APD shares. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Barclays PLC upped their target price on Air Products and Chemicals from $147.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, May 2nd. Morgan Stanley reiterated a “hold” rating on shares of Air Products and Chemicals in a report on Thursday, June 16th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $160.00 in a report on Friday, August 12th. Finally, Citigroup Inc. upped their target price on Air Products and Chemicals from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. One investment 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 company has a consensus rating of “Hold” and a consensus target price of $152.64.
The stock has a market cap of $33.70 billion and a PE ratio of 58.22. The firm’s 50-day moving average is $150.22 and its 200-day moving average is $143.36.
Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.02. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. Equities analysts predict that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.23%.
In related news, VP Guillermo Novo sold 2,447 shares of Air Products and Chemicals stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $148.94, for a total transaction of $364,456.18. Following the transaction, the vice president now directly owns 12,805 shares of the company’s stock, valued at $1,907,176.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Russell A. Flugel sold 2,050 shares of Air Products and Chemicals 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 transaction, the insider now directly owns 3,131 shares in the company, valued at $474,471.74. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Air Products and Chemicals stock. American International Group Inc. increased its position in shares of Air Products and Chemicals Inc. (NYSE:APD) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,316 shares of the company’s stock after buying an additional 2,712 shares during the period. American International Group Inc.’s holdings in Air Products and Chemicals were worth $12,273,000 at the end of the most recent reporting 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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