Traders bought shares of Air Products & Chemicals, Inc. (NYSE:APD) on weakness during trading hours on Thursday. $92.73 million flowed into the stock on the tick-up and $49.71 million flowed out of the stock on the tick-down, for a money net flow of $43.02 million into the stock. Of all stocks tracked, Air Products & Chemicals had the 9th highest net in-flow for the day. Air Products & Chemicals traded down ($0.13) for the day and closed at $144.37

A number of brokerages have recently issued reports on APD. Argus lifted their price target on Air Products & Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Vertical Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research report on Monday, August 7th. Barclays PLC reiterated a “buy” rating and set a $170.00 price target on shares of Air Products & Chemicals in a research report on Friday, August 4th. Deutsche Bank AG lifted their price target on Air Products & Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $158.00 price target (up previously from $153.00) on shares of Air Products & Chemicals in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $153.23.

The firm has a 50 day moving average price of $145.66 and a 200-day moving average price of $142.42. The stock has a market capitalization of $31.47 billion, a P/E ratio of 10.85 and a beta of 1.25.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products & Chemicals had a return on equity of 4.46% and a net margin of 5.01%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Air Products & Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, October 6th. Air Products & Chemicals’s payout ratio is presently 28.51%.

Institutional investors have recently made changes to their positions in the stock. Bancorpsouth Inc. boosted its stake in Air Products & Chemicals by 4.1% during the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock valued at $2,321,000 after buying an additional 683 shares during the last quarter. Utah Retirement Systems boosted its stake in Air Products & Chemicals by 9.2% during the second quarter. Utah Retirement Systems now owns 39,143 shares of the basic materials company’s stock valued at $5,600,000 after buying an additional 3,300 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Air Products & Chemicals by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 660,649 shares of the basic materials company’s stock valued at $89,380,000 after buying an additional 32,456 shares during the last quarter. Swiss National Bank boosted its stake in Air Products & Chemicals by 9.0% during the second quarter. Swiss National Bank now owns 794,606 shares of the basic materials company’s stock valued at $113,676,000 after buying an additional 65,600 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in Air Products & Chemicals during the first quarter valued at approximately $644,000. 88.08% of the stock is owned by institutional investors.

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Air Products & Chemicals Company Profile

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.

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