Air Products and Chemicals, Inc. (NYSE:APD) – Analysts at Seaport Global Securities lifted their Q2 2018 earnings per share (EPS) estimates for shares of Air Products and Chemicals in a report issued on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $1.71 per share for the quarter, up from their previous estimate of $1.68. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q3 2018 earnings at $1.83 EPS, Q4 2018 earnings at $1.83 EPS and FY2018 earnings at $7.02 EPS.

Several other equities research analysts have also recently issued reports on APD. Deutsche Bank AG lifted their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Vertical Research reaffirmed a “hold” rating and issued a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $155.33.

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Shares of Air Products and Chemicals (NYSE:APD) traded down 0.03% during trading on Tuesday, reaching $151.49. 172,734 shares of the company traded hands. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $151.98. The stock has a market cap of $33.02 billion, a P/E ratio of 11.38 and a beta of 1.25. The stock’s 50 day moving average price is $146.74 and its 200-day moving average price is $142.94.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APD. BlackRock Inc. grew its position in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after acquiring an additional 13,466,808 shares in the last quarter. Janus Henderson Group PLC grew its position in Air Products and Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after acquiring an additional 2,687,657 shares in the last quarter. First Eagle Investment Management LLC grew its position in Air Products and Chemicals by 243.2% in the first quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock worth $242,157,000 after acquiring an additional 1,268,305 shares in the last quarter. Vanguard Group Inc. grew its position in Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after acquiring an additional 887,369 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Air Products and Chemicals by 57.2% in the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock worth $304,097,000 after acquiring an additional 773,446 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

The business 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 $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.53%. Air Products and Chemicals’s dividend payout ratio is currently 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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