Air Products and Chemicals, Inc. (NYSE:APD) announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06, Bloomberg Earnings reports. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Air Products and Chemicals updated its Q4 guidance to $1.65-1.70 EPS and its FY17 guidance to $6.20-6.25 EPS.
Shares of Air Products and Chemicals (NYSE:APD) opened at 145.76 on Friday. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $150.45. The company has a market capitalization of $31.77 billion, a P/E ratio of 10.95 and a beta of 1.25. The company’s 50 day moving average price is $145.17 and its 200 day moving average price is $141.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.61%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.
A number of institutional investors have recently bought and sold shares of APD. iAB Financial Bank acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $100,000. Patten Group Inc. boosted its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $109,000. Guardian Life Insurance Co. of America boosted its position in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares during the last quarter. Finally, Webster Bank N. A. boosted its position in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.
A number of equities research analysts have recently issued reports on APD shares. Credit Suisse Group reiterated an “outperform” rating and set a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $160.00 in a report on Monday, May 1st. Barclays PLC reissued a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $152.77.
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Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.
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