Air Products and Chemicals Inc. (APD) Reaches New 12-Month High at $157.84
Air Products and Chemicals Inc. (NYSE:APD) hit a new 52-week high on Tuesday . The company traded as high as $157.84 and last traded at $157.26, with a volume of 396,719 shares trading hands. The stock had previously closed at $157.09.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Morgan Stanley reissued a “hold” rating on shares of Air Products and Chemicals in a research note on Thursday, June 16th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $140.00 to $160.00 in a research note on Friday, August 12th. Citigroup raised their price objective on shares of Air Products and Chemicals from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Finally, Argus reissued a “hold” rating on shares of Air Products and Chemicals in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $152.64.
The firm has a 50 day moving average of $151.45 and a 200 day moving average of $144.38. The company has a market capitalization of $33.97 billion and a price-to-earnings ratio of 58.68.
Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 28th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company posted $1.65 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts expect 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 given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.19%.
In related news, SVP John D. Stanley sold 17,247 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $155.39, for a total transaction of $2,680,011.33. Following the completion of the sale, the senior vice president now owns 36,129 shares of the company’s stock, valued at approximately $5,614,085.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Russell A. Flugel sold 2,050 shares of the 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 sale, the insider now directly owns 3,131 shares of the company’s stock, valued at approximately $474,471.74. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Air Products and Chemicals stock. Schwab Charles Investment Management Inc. raised its position in Air Products and Chemicals Inc. (NYSE:APD) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent 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.
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.