Brokerages Set Air Products and Chemicals, Inc. (NYSE:APD) PT at $287.29

Air Products and Chemicals, Inc. (NYSE:APD) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $287.29.

Several research analysts have issued reports on APD shares. Mizuho decreased their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Barclays boosted their price objective on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a report on Monday, June 10th.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds have recently modified their holdings of APD. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Roble Belko & Company Inc purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Sachetta LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Security National Bank purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth $28,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 1.9 %

Shares of NYSE APD opened at $258.05 on Thursday. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71. The stock has a market cap of $57.37 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.84. The firm has a 50-day moving average of $259.73 and a 200 day moving average of $251.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.74 earnings per share. As a group, sell-side analysts expect that Air Products and Chemicals will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a $1.77 dividend. The ex-dividend date is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.74%. Air Products and Chemicals’s payout ratio is currently 63.90%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.