Investors sold shares of Air Products and Chemicals, Inc. (NYSE:APD) on strength during trading hours on Friday. $19.66 million flowed into the stock on the tick-up and $55.69 million flowed out of the stock on the tick-down, for a money net flow of $36.03 million out of the stock. Of all equities tracked, Air Products and Chemicals had the 13th highest net out-flow for the day. Air Products and Chemicals traded up $0.40 for the day and closed at $161.58

A number of research firms have recently commented on APD. Deutsche Bank AG increased their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. increased their price target on shares of Air Products and Chemicals to $185.00 and gave the company a “buy” rating in a report on Monday. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a report on Thursday, September 28th. HSBC Holdings PLC upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Air Products and Chemicals currently has an average rating of “Buy” and an average target price of $164.80.

The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $35,130.00, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm earned $2.01 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. equities analysts forecast that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be given a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.35%. Air Products and Chemicals’s payout ratio is presently 73.64%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Air Products and Chemicals by 3.6% in the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock worth $2,502,580,000 after acquiring an additional 604,454 shares during the period. BlackRock Inc. raised its position in Air Products and Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after acquiring an additional 1,131,879 shares during the period. State Street Corp raised its position in Air Products and Chemicals by 2.8% in the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock worth $1,515,127,000 after acquiring an additional 291,150 shares during the period. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 17.6% in the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock worth $629,878,000 after acquiring an additional 624,210 shares during the period. Finally, Janus Henderson Group PLC raised its position in Air Products and Chemicals by 2.0% in the third quarter. Janus Henderson Group PLC now owns 2,774,243 shares of the basic materials company’s stock worth $419,518,000 after acquiring an additional 54,048 shares during the period. Institutional investors and hedge funds own 88.58% of the company’s stock.

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About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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