Air Products and Chemicals, Inc. (NYSE:APD) had its target price boosted by Deutsche Bank AG from $160.00 to $168.00 in a report issued on Wednesday. They currently have a hold rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Air Products and Chemicals from a buy rating to a hold rating in a report on Monday, May 1st. BidaskClub downgraded Air Products and Chemicals from a hold rating to a sell rating in a report on Friday, June 23rd. Jefferies Group LLC reissued a hold rating and issued a $155.00 price target on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. Finally, Credit Suisse Group reissued an outperform rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $153.85.

Air Products and Chemicals (APD) opened at 147.22 on Wednesday. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $150.45. The firm has a 50-day moving average price of $144.52 and a 200-day moving average price of $141.78. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 11.06 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.92 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts expect that Air Products and Chemicals will post $6.20 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after buying an additional 887,369 shares during the period. BlackRock Inc. increased its stake in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after buying an additional 13,466,808 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after buying an additional 611,672 shares during the period. Principal Financial Group Inc. increased its stake in Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock worth $422,309,000 after buying an additional 110,064 shares during the period. Finally, Janus Capital Management LLC increased its stake in Air Products and Chemicals by 1.6% in the first quarter. Janus Capital Management LLC now owns 1,971,732 shares of the basic materials company’s stock worth $266,746,000 after buying an additional 30,164 shares during the period. Hedge funds and other institutional investors own 89.20% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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