Air Products and Chemicals, Inc. (NYSE:APD) has received an average rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $155.57.

Several research analysts recently commented on APD shares. KeyCorp reaffirmed a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research note on Friday, September 8th. Deutsche Bank AG raised their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Vertical Research reaffirmed a “hold” rating and issued a $148.00 price target (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 14th.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS.

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America boosted its holdings in shares of Air Products and Chemicals by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its holdings in shares of Air Products and Chemicals by 0.4% in the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after buying an additional 7 shares in the last quarter. Fort Pitt Capital Group LLC boosted its holdings in shares of Air Products and Chemicals by 0.4% in the 1st quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after buying an additional 7 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Air Products and Chemicals by 0.7% in the 2nd quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after buying an additional 7 shares in the last quarter. Finally, Compton Capital Management Inc. RI boosted its holdings in shares of Air Products and Chemicals by 0.5% in the 1st quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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