Brokerages Set Air Products and Chemicals, Inc. (NYSE:APD) Price Target at $331.53

Shares of Air Products and Chemicals, Inc. (NYSE:APD) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $331.53.

A number of research analysts have recently issued reports on the company. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Mizuho boosted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a report on Monday, November 18th. Finally, Barclays upped their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th.

Air Products and Chemicals Price Performance

APD stock opened at $294.99 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 3.13 and a beta of 0.81. The company’s fifty day simple moving average is $319.08 and its 200 day simple moving average is $291.08. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $337.00.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Institutional Investors Weigh In On Air Products and Chemicals

Several institutional investors have recently bought and sold shares of APD. Truvestments Capital LLC purchased a new position in Air Products and Chemicals during the 3rd quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the second quarter valued at about $32,000. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter valued at approximately $42,000. 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.