Weekly Analysts’ Ratings Changes for Air Products and Chemicals (APD)

Air Products and Chemicals (NYSE: APD) has recently received a number of price target changes and ratings updates:

• 10/7/2024 – Air Products and Chemicals was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $365.00 price target on the stock, up previously from $305.00.
• 10/7/2024 – Air Products and Chemicals had its price target raised by analysts at Citigroup Inc. from $330.00 to $345.00. They now have a “buy” rating on the stock.
• 10/7/2024 – Air Products and Chemicals was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $364.00 price target on the stock, up previously from $295.00.
• 10/7/2024 – Air Products and Chemicals was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating. They now have a $336.00 price target on the stock.
• 9/23/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/6/2024 – Air Products and Chemicals was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/20/2024 – Air Products and Chemicals had its price target raised by analysts at UBS Group AG from $276.00 to $281.00. They now have a “neutral” rating on the stock.
• 8/20/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/12/2024 – Air Products and Chemicals was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Air Products and Chemicals Price Performance

APD traded down $2.33 during trading on Tuesday, reaching $310.36. 1,556,606 shares of the company were exchanged, compared to its average volume of 1,627,199. The company’s 50-day moving average is $281.61 and its two-hundred day moving average is $263.79. The company has a market cap of $68.99 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 3.89 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $313.00.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. Air Products and Chemicals’s dividend payout ratio is 63.90%.

Hedge Funds Weigh In On Air Products and Chemicals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. grew its position in shares of Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after buying an additional 37 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Air Products and Chemicals by 0.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after buying an additional 39 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Air Products and Chemicals by 2.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after buying an additional 39 shares during the last quarter. Stokes Family Office LLC grew its position in shares of Air Products and Chemicals by 3.4% in the 2nd quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock worth $313,000 after buying an additional 40 shares during the last quarter. Finally, Invesco LLC grew its position in shares of Air Products and Chemicals by 2.6% in the 2nd quarter. Invesco LLC now owns 1,581 shares of the basic materials company’s stock worth $408,000 after buying an additional 40 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

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.