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Airgas (NYSE:ARG) VP Thomas M. Smyth sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $109.84, for a total transaction of $988,560.00. Following the completion of the transaction, the vice president now directly owns 2,778 shares in the company, valued at approximately $305,136. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Airgas (NYSE:ARG) traded up 0.26% on Friday, hitting $110.38. 166,163 shares of the company’s stock traded hands. Airgas has a 52-week low of $99.32 and a 52-week high of $113.16. The stock has a 50-day moving average of $109.3 and a 200-day moving average of $107.5. The company has a market cap of $8.227 billion and a price-to-earnings ratio of 23.32.

Airgas (NYSE:ARG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.18. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Airgas will post $5.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 11th.

ARG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Airgas from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $116.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Airgas in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, up previously from $110.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Airgas in a research note on Wednesday, July 9th. They now have a $126.00 price target on the stock, up previously from $116.00. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Airgas currently has an average rating of “Hold” and a consensus price target of $115.82.

Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.

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