Air Products & Chemicals, Inc. (NYSE:APD)’s share price hit a new 52-week high on Tuesday . The company traded as high as $169.72 and last traded at $169.95, with a volume of 297754 shares changing hands. The stock had previously closed at $168.63.

APD has been the topic of a number of research reports. UBS Group upgraded Air Products & Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Susquehanna Bancshares upgraded Air Products & Chemicals from a “neutral” rating to a “positive” rating and upped their target price for the company from $165.00 to $175.00 in a report on Thursday, September 14th. Jefferies Group reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products & Chemicals in a report on Thursday, September 28th. Citigroup increased their price objective on Air Products & Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating and issued a $175.00 price objective on shares of Air Products & Chemicals in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $166.79.

The company has a market capitalization of $36,990.00, a PE ratio of 32.63, a PEG ratio of 1.69 and a beta of 1.24. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business earned $2.01 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 7.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.26%. Air Products & Chemicals’s dividend payout ratio is 73.64%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sabal Trust CO boosted its position in shares of Air Products & Chemicals by 3.0% in the third quarter. Sabal Trust CO now owns 164,212 shares of the basic materials company’s stock valued at $24,832,000 after acquiring an additional 4,806 shares during the period. Weybosset Research & Management LLC bought a new position in Air Products & Chemicals in the third quarter worth $201,000. Raymond James Trust N.A. lifted its position in Air Products & Chemicals by 11.8% in the third quarter. Raymond James Trust N.A. now owns 16,621 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 1,756 shares during the period. Trust Co. of Vermont lifted its position in Air Products & Chemicals by 5.5% in the third quarter. Trust Co. of Vermont now owns 53,729 shares of the basic materials company’s stock worth $8,125,000 after purchasing an additional 2,816 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Air Products & Chemicals by 2.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 716,174 shares of the basic materials company’s stock worth $108,300,000 after purchasing an additional 19,863 shares during the period. 88.01% of the stock is owned by institutional investors.

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About Air Products & 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.

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