Air Products and Chemicals (NYSE:APD) Price Target Increased to $345.00 by Analysts at UBS Group

Air Products and Chemicals (NYSE:APD) had its price target upped by UBS Group from $307.00 to $345.00 in a research note published on Tuesday, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Several other research analysts have also weighed in on the stock. StockNews.com upgraded shares of Air Products and Chemicals from a sell rating to a hold rating in a research note on Monday, September 23rd. Barclays upped their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an equal weight rating in a research note on Monday, August 5th. Vertical Research upgraded shares of Air Products and Chemicals from a hold rating to a buy rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an equal weight rating in a research note on Friday, October 11th. Finally, Evercore ISI upgraded shares of Air Products and Chemicals from an in-line rating to an outperform rating and upped their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $320.24.

Air Products and Chemicals Stock Up 0.9 %

Air Products and Chemicals stock opened at $323.23 on Tuesday. The firm has a market capitalization of $71.86 billion, a PE ratio of 29.17, a P/E/G ratio of 3.87 and a beta of 0.82. The company’s 50-day moving average is $286.51 and its 200-day moving average is $267.02. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $324.52. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Sell-side analysts anticipate that Air Products and Chemicals will post 12.33 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Institutional Trading of Air Products and Chemicals

Institutional investors and hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in shares of Air Products and Chemicals by 151.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after acquiring an additional 14,981 shares during the period. 1832 Asset Management L.P. lifted its stake in Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after purchasing an additional 2,321 shares during the last quarter. Trilogy Capital Inc. bought a new position in Air Products and Chemicals in the 1st quarter valued at approximately $2,625,000. Woodstock Corp lifted its stake in Air Products and Chemicals by 6.5% in the 3rd quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares during the last quarter. Finally, FORA Capital LLC lifted its stake in Air Products and Chemicals by 13.0% in the 1st quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company’s stock valued at $8,194,000 after purchasing an additional 3,881 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

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.