Air Products and Chemicals (NYSE:APD) Price Target Increased to $268.00 by Analysts at UBS Group

Air Products and Chemicals (NYSE:APD) had its price target boosted by UBS Group from $257.00 to $268.00 in a report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on APD. Barclays boosted their price objective on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the stock an equal weight rating in a research note on Monday, June 10th. Mizuho reduced their price objective on shares of Air Products and Chemicals from $295.00 to $286.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Citigroup reduced their price objective on shares of Air Products and Chemicals from $285.00 to $280.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised shares of Air Products and Chemicals from a sell rating to a hold rating in a research note on Saturday, June 29th. Finally, Morgan Stanley boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an equal weight rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $291.43.

Air Products and Chemicals Stock Up 1.3 %

Shares of APD opened at $261.34 on Tuesday. Air Products and Chemicals has a one year low of $212.24 and a one year high of $307.71. The company has a market cap of $58.10 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $263.04 and a two-hundred day simple moving average of $250.78.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.74 earnings per share. Research analysts forecast that Air Products and Chemicals will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.71%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Thrive Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 6.0% in the second quarter. Thrive Wealth Management LLC now owns 2,039 shares of the basic materials company’s stock worth $526,000 after purchasing an additional 116 shares in the last quarter. JGP Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 16.2% in the 2nd quarter. JGP Wealth Management LLC now owns 44,738 shares of the basic materials company’s stock worth $11,545,000 after buying an additional 6,245 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of Air Products and Chemicals by 2.3% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,846 shares of the basic materials company’s stock worth $476,000 after acquiring an additional 42 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Air Products and Chemicals by 13.6% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,859 shares of the basic materials company’s stock worth $1,254,000 after acquiring an additional 582 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter worth about $164,000. 81.66% of the stock is currently owned by institutional investors.

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.