Air Products & Chemicals, Inc. (NYSE:APD) Receives Consensus Rating of “Hold” from Brokerages

Air Products & Chemicals, Inc. (NYSE:APD) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $239.15.

A number of brokerages recently issued reports on APD. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price on the stock. in a research report on Thursday, July 18th. Susquehanna Bancshares reissued a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. Morgan Stanley lifted their target price on Air Products & Chemicals from $168.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $254.00 price target (up previously from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th.

In related news, CEO Seifi Ghasemi purchased 20,000 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $227.16 per share, with a total value of $4,543,200.00. Following the transaction, the chief executive officer now directly owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Air Products & Chemicals by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 19,674,476 shares of the basic materials company’s stock worth $4,453,711,000 after acquiring an additional 411,472 shares during the period. BlackRock Inc. boosted its stake in shares of Air Products & Chemicals by 2.8% during the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock worth $3,809,950,000 after acquiring an additional 454,016 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Air Products & Chemicals by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,009,741 shares of the basic materials company’s stock worth $907,685,000 after acquiring an additional 66,225 shares during the period. Northern Trust Corp boosted its stake in shares of Air Products & Chemicals by 0.3% during the 2nd quarter. Northern Trust Corp now owns 3,271,182 shares of the basic materials company’s stock worth $740,498,000 after acquiring an additional 9,084 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Air Products & Chemicals by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock worth $421,179,000 after acquiring an additional 187,347 shares during the period. Institutional investors own 85.47% of the company’s stock.

Air Products & Chemicals stock traded up $4.19 during midday trading on Thursday, reaching $220.53. The stock had a trading volume of 45,162 shares, compared to its average volume of 1,129,252. The firm’s fifty day simple moving average is $225.55 and its 200-day simple moving average is $209.86. Air Products & Chemicals has a 1-year low of $148.44 and a 1-year high of $232.47. The stock has a market capitalization of $47.68 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm earned $1.95 EPS. Air Products & Chemicals’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Air Products & Chemicals will post 8.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Analyst Recommendations for Air Products & Chemicals (NYSE:APD)

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