Air Products & Chemicals, Inc. (NYSE:APD) has been given an average recommendation of “Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Fifteen equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $190.08.
A number of analysts have issued reports on the company. BMO Capital Markets set a $200.00 target price on Air Products & Chemicals and gave the company a “buy” rating in a research report on Thursday, November 8th. Citigroup cut their target price on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Deutsche Bank boosted their target price on Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $181.00 target price on the stock in a research report on Monday, July 30th. Finally, ValuEngine raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, November 16th.
APD traded down $1.63 during trading hours on Friday, reaching $157.55. The company’s stock had a trading volume of 14,783 shares, compared to its average volume of 1,318,777. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $175.17. The stock has a market capitalization of $34.95 billion, a PE ratio of 21.14, a P/E/G ratio of 1.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 2.17.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, December 31st. Air Products & Chemicals’s payout ratio is 59.06%.
In other news, Chairman Seifi Ghasemi bought 20,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $160.11 per share, with a total value of $3,202,200.00. Following the completion of the transaction, the chairman now directly owns 408,652 shares in the company, valued at $65,429,271.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. CIBC World Markets Inc. increased its position in shares of Air Products & Chemicals by 4.6% during the third quarter. CIBC World Markets Inc. now owns 7,296 shares of the basic materials company’s stock worth $1,219,000 after acquiring an additional 323 shares during the period. CAPROCK Group Inc. increased its holdings in Air Products & Chemicals by 13.8% in the second quarter. CAPROCK Group Inc. now owns 2,705 shares of the basic materials company’s stock valued at $424,000 after buying an additional 327 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Air Products & Chemicals by 2.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,643 shares of the basic materials company’s stock valued at $2,436,000 after buying an additional 330 shares during the last quarter. Chase Investment Counsel Corp increased its holdings in Air Products & Chemicals by 22.6% in the third quarter. Chase Investment Counsel Corp now owns 1,862 shares of the basic materials company’s stock valued at $311,000 after buying an additional 343 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Air Products & Chemicals by 4.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,343 shares of the basic materials company’s stock valued at $1,299,000 after buying an additional 344 shares during the last quarter. 85.08% of the stock is currently owned by institutional investors and hedge funds.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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