Air Products and Chemicals Inc. (APD) Sets New 1-Year High at $157.51
Air Products and Chemicals Inc. (NYSE:APD) shares hit a new 52-week high during mid-day 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 recently issued reports on the stock. Zacks Investment Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Citigroup Inc. restated a “hold” rating on shares of Air Products and Chemicals in a report on Sunday, July 17th. Jefferies Group restated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 29th. Seaport Global Securities upgraded shares of Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Monday, July 11th. Finally, Vetr cut shares of Air Products and Chemicals from a “sell” rating to a “strong sell” rating and set a $125.00 price target on the stock. in a report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Air Products and Chemicals presently has an average rating of “Hold” and a consensus target price of $152.64.
The firm has a market cap of $33.92 billion and a P/E ratio of 58.60. The stock’s 50 day moving average is $150.87 and its 200-day moving average is $143.93.
Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.02. During the same period last year, the company posted $1.65 earnings per share. The firm had revenue of $2.43 billion for 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 research analysts expect that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Investors 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 yield of 2.20%.
In related news, VP Guillermo Novo sold 2,447 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $148.94, for a total transaction of $364,456.18. Following the sale, the vice president now directly owns 12,805 shares of the company’s stock, valued at approximately $1,907,176.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Russell A. Flugel sold 2,050 shares of the stock in a transaction dated 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 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. Schwab Charles Investment Management Inc. boosted its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 546,100 shares of the company’s stock after buying an additional 47,681 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.25% of Air Products and Chemicals worth $71,054,000 as of its most recent filing with the SEC.
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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