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

Air Products and Chemicals, Inc. (NYSE:APD) has been given an average rating of “Moderate Buy” by the nineteen analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $331.53.

A number of equities research analysts have weighed in on the stock. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. Barclays upped their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Monday, November 18th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $333.22 on Friday. The firm has a market capitalization of $74.10 billion, a PE ratio of 19.40, a P/E/G ratio of 3.35 and a beta of 0.81. The company has a 50 day moving average price of $314.23 and a 200-day moving average price of $285.02. Air Products and Chemicals has a 52 week low of $212.24 and a 52 week high of $336.42. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a $1.77 dividend. 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 2.12%. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

Institutional Trading of Air Products and Chemicals

A number of institutional investors and hedge funds have recently bought and sold shares of APD. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Air Products and Chemicals in the third quarter worth $42,000. 81.66% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

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.