#6 - Air Products and Chemicals (NYSE:APD)
Air Products and Chemicals (NYSE:APD) offers investors exposure to the Materials sector. The company provides atmospheric gases, process and specialty gases, equipment, and services worldwide. In fact, it’s the market’s largest publicly traded chemicals stock. It’s also one of the oldest publicly traded stocks with a history that spans over 80 years.
That being said, APD stock is down nearly 20% in 2022, and by some accounts the stock may still be overvalued. On the other hand, the company is expected to show solid growth in revenue and earnings in the next five years and that should make for safe, steady dividend growth. Speaking of which, Air Products and Chemicals pays an attractive annualized payment of $6.48 per share which currently calculates to a dividend yield of 2.69% which is comparable to the sector average.
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.
More about Air Products and Chemicals- Current Price
- $278.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $331.00 (18.6% Upside)
