Air Products and Chemicals, Inc. (NYSE:APD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Air Products and Chemicals has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $330.00.
• The company reported $3.09 EPS for its last quarter, exceeding expectations of $2.99, alongside a revenue of $3.02 billion.
• A quarterly dividend of $1.79 per share has been declared, resulting in an annualized yield of 2.7% amidst a payout ratio of over 100%.

Shares of Air Products and Chemicals, Inc. (NYSE:APD - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $330.00.

A number of research firms have commented on APD. Wall Street Zen upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Argus upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating in a report on Friday, September 12th. UBS Group cut their price objective on shares of Air Products and Chemicals from $354.00 to $350.00 and set a "buy" rating for the company in a report on Monday, October 6th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Finally, Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, July 14th.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Institutional Trading of Air Products and Chemicals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in Air Products and Chemicals by 20.9% in the 1st quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company's stock valued at $473,000 after purchasing an additional 277 shares during the last quarter. West Oak Capital LLC increased its holdings in Air Products and Chemicals by 12.2% in the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company's stock valued at $3,050,000 after purchasing an additional 1,180 shares during the last quarter. Chapin Davis Inc. increased its holdings in Air Products and Chemicals by 16.1% in the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company's stock valued at $3,147,000 after purchasing an additional 1,551 shares during the last quarter. Revisor Wealth Management LLC increased its holdings in Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company's stock valued at $966,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Norden Group LLC increased its holdings in Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company's stock valued at $1,636,000 after purchasing an additional 3,630 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 0.4%

Shares of Air Products and Chemicals stock opened at $261.79 on Wednesday. The firm has a market capitalization of $58.26 billion, a PE ratio of 37.67, a P/E/G ratio of 5.41 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals has a twelve month low of $243.69 and a twelve month high of $341.14. The firm's 50-day moving average price is $283.66 and its 200 day moving average price is $280.28.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 EPS. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. On average, sell-side analysts predict that Air Products and Chemicals will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.7%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 103.02%.

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.

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