Air Products and Chemicals, Inc. (NYSE:APD) – Equities researchers at Seaport Global Securities raised their FY2017 EPS estimates for shares of Air Products and Chemicals in a research note issued on Tuesday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $6.23 for the year, up from their prior estimate of $6.11. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q4 2017 earnings at $1.68 EPS.

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

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Other analysts also recently issued reports about the company. Barclays PLC restated a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. Vertical Research upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a report on Monday. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $153.29.

Air Products and Chemicals (NYSE APD) traded up 0.30% on Friday, hitting $145.45. The stock had a trading volume of 356,142 shares. Air Products and Chemicals has a one year low of $129.00 and a one year high of $150.45. The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 10.93 and a beta of 1.25. The company’s 50-day moving average price is $144.80 and its 200 day moving average price is $141.91.

Hedge funds have recently made changes to their positions in the company. Sandy Spring Bank boosted its stake in shares of Air Products and Chemicals by 3.7% in the second quarter. Sandy Spring Bank now owns 2,394 shares of the basic materials company’s stock worth $343,000 after buying an additional 85 shares during the period. ProShare Advisors LLC boosted its stake in shares of Air Products and Chemicals by 6.5% in the second quarter. ProShare Advisors LLC now owns 450,972 shares of the basic materials company’s stock worth $64,516,000 after buying an additional 27,520 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Air Products and Chemicals during the second quarter worth $1,871,000. Amalgamated Bank boosted its stake in shares of Air Products and Chemicals by 61.0% in the second quarter. Amalgamated Bank now owns 24,207 shares of the basic materials company’s stock worth $3,463,000 after buying an additional 9,175 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Air Products and Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after buying an additional 1,131,879 shares during the period. 88.92% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.62%. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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.

Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

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