Investors bought shares of Air Products and Chemicals, Inc. (NYSE:APD) on weakness during trading 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 companies tracked, Air Products and Chemicals had the 9th highest net in-flow for the day. Air Products and Chemicals traded down ($0.13) for the day and closed at $144.37

Several analysts have weighed in on the stock. Barclays PLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday. Argus increased their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 28th. Jefferies Group LLC restated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $153.79.

The stock has a 50-day moving average price of $145.58 and a 200 day moving average price of $142.45. The stock has a market cap of $31.60 billion, a PE ratio of 10.89 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $1.92 earnings per share. Analysts forecast that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $1,344,000. Lord Abbett & CO. LLC raised its position in Air Products and Chemicals by 2.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 65,300 shares of the basic materials company’s stock worth $9,342,000 after buying an additional 1,500 shares during the last quarter. United Bank VA raised its position in Air Products and Chemicals by 10.0% in the 2nd quarter. United Bank VA now owns 22,610 shares of the basic materials company’s stock worth $3,235,000 after buying an additional 2,058 shares during the last quarter. WFG Advisors LP raised its position in Air Products and Chemicals by 47.5% in the 2nd quarter. WFG Advisors LP now owns 1,267 shares of the basic materials company’s stock worth $181,000 after buying an additional 408 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Air Products and Chemicals by 25.0% in the 2nd quarter. Toronto Dominion Bank now owns 75,764 shares of the basic materials company’s stock worth $10,837,000 after buying an additional 15,168 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

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Air Products and 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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