Air Products & Chemicals (NYSE:APD) had its target price increased by Deutsche Bank from $190.00 to $192.00 in a research report released on Tuesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on APD. Credit Suisse Group set a $181.00 price objective on shares of Air Products & Chemicals and gave the stock a hold rating in a research note on Thursday, April 26th. Citigroup increased their price objective on shares of Air Products & Chemicals from $185.00 to $198.00 and gave the stock a buy rating in a research note on Monday, April 30th. Zacks Investment Research raised shares of Air Products & Chemicals from a sell rating to a hold rating in a research note on Monday, April 30th. ValuEngine cut shares of Air Products & Chemicals from a buy rating to a hold rating in a research note on Tuesday, June 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Air Products & Chemicals from $172.00 to $170.00 and set an overweight rating for the company in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $183.47.

Shares of NYSE APD opened at $164.72 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 2.24. The firm has a market capitalization of $34.62 billion, a PE ratio of 26.10, a PEG ratio of 1.31 and a beta of 1.09. Air Products & Chemicals has a 1 year low of $143.79 and a 1 year high of $175.17.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.11. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a net margin of 17.13% and a return on equity of 15.15%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 earnings per share. research analysts predict that Air Products & Chemicals will post 7.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 1st will be given a dividend of $1.10 per share. The ex-dividend date is Friday, September 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. Air Products & Chemicals’s dividend payout ratio is 69.73%.

Several large investors have recently modified their holdings of the stock. Schroder Investment Management Group lifted its position in Air Products & Chemicals by 3,173.6% during the second quarter. Schroder Investment Management Group now owns 70,349 shares of the basic materials company’s stock valued at $10,977,000 after purchasing an additional 68,200 shares during the last quarter. Global X Management Co LLC lifted its position in Air Products & Chemicals by 43.2% during the second quarter. Global X Management Co LLC now owns 5,839 shares of the basic materials company’s stock valued at $909,000 after purchasing an additional 1,761 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its position in Air Products & Chemicals by 47.8% during the second quarter. Carnegie Capital Asset Management LLC now owns 3,551 shares of the basic materials company’s stock valued at $584,000 after purchasing an additional 1,149 shares during the last quarter. Tiedemann Advisors LLC bought a new position in Air Products & Chemicals during the second quarter valued at $322,000. Finally, Verition Fund Management LLC bought a new position in Air Products & Chemicals during the second quarter valued at $1,109,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

About Air Products & Chemicals

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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Analyst Recommendations for Air Products & Chemicals (NYSE:APD)

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