Analysts Set Air Products and Chemicals, Inc. (NYSE:APD) PT at $331.53

Air Products and Chemicals, Inc. (NYSE:APD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $332.71.

APD has been the topic of several research reports. Citigroup lifted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the company 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 report on Wednesday, October 9th. Wells Fargo & Company raised shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $330.00 to $350.00 in a research report on Tuesday. Jefferies Financial Group raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and lifted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, UBS Group upgraded shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Monday, November 18th.

Air Products and Chemicals Stock Up 1.7 %

Air Products and Chemicals stock traded up $5.11 during trading hours on Monday, hitting $312.01. 1,237,477 shares of the stock traded hands, compared to its average volume of 1,637,268. Air Products and Chemicals has a one year low of $212.24 and a one year high of $337.00. The firm's 50-day moving average price is $309.36 and its two-hundred day moving average price is $293.48. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market cap of $69.39 billion, a PE ratio of 18.16, a PEG ratio of 2.88 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. Air Products and Chemicals's dividend payout ratio (DPR) is 41.21%.

Institutional Investors Weigh In On Air Products and Chemicals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Air Products and Chemicals by 0.3% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock worth $3,452,000 after buying an additional 34 shares during the last quarter. CX Institutional lifted its holdings in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock valued at $400,000 after acquiring an additional 34 shares during the period. Bank of Stockton grew its stake in shares of Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock valued at $540,000 after purchasing an additional 34 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 37 shares during the last quarter. Finally, Chesapeake Wealth Management lifted its stake in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,189 shares of the basic materials company's stock worth $652,000 after purchasing an additional 37 shares during the period. Hedge funds and other 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.