Air Products and Chemicals, Inc. (NYSE:APD) – Research analysts at SunTrust Banks decreased their FY2017 EPS estimates for Air Products and Chemicals in a research report issued on Monday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $6.25 per share for the year, down from their previous estimate of $6.27.

Several other brokerages also recently issued reports on APD. UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday. Vertical Research reissued a “hold” rating and set a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday. Credit Suisse Group reissued an “outperform” rating and set a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC reissued a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus price target of $153.93.

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Shares of Air Products and Chemicals (NYSE APD) opened at 149.20 on Thursday. The stock’s 50 day moving average price is $145.81 and its 200 day moving average price is $142.60. The firm has a market cap of $32.52 billion, a PE ratio of 11.21 and a beta of 1.25. Air Products and Chemicals has a 12-month low of $129.00 and a 12-month high of $151.42.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis.

The company 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 2.55%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is 28.51%.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Air Products and Chemicals by 1,973.1% during the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after buying an additional 13,466,808 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Air Products and Chemicals by 8,260.1% during the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Air Products and Chemicals by 243.2% during the first quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock valued at $242,157,000 after buying an additional 1,268,305 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Air Products and Chemicals by 5.5% during the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Air Products and Chemicals by 57.2% during the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

About Air Products and 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.

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

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