Traders Buy High Volume of Air Products & Chemicals Call Options (APD)

Air Products & Chemicals, Inc. (NYSE:APD) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 1,260 call options on the stock. This represents an increase of approximately 1,112% compared to the typical daily volume of 104 call options.

Several brokerages have recently issued reports on APD. Jefferies Group reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products & Chemicals in a research note on Thursday, September 28th. SunTrust Banks upped their target price on shares of Air Products & Chemicals to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. UBS upgraded shares of Air Products & Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Vertical Research upgraded shares of Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research note on Monday, August 7th. Finally, Citigroup upped their target price on shares of Air Products & Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $164.80.

A number of institutional investors have recently modified their holdings of APD. Vanguard Group Inc. increased its holdings in Air Products & Chemicals by 3.6% during the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after buying an additional 604,454 shares during the last quarter. BlackRock Inc. increased its holdings in Air Products & Chemicals by 8.0% during the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. State Street Corp increased its holdings in Air Products & Chemicals by 2.8% during the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after buying an additional 291,150 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Air Products & Chemicals by 17.6% during the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock valued at $629,878,000 after buying an additional 624,210 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Air Products & Chemicals by 2.0% during the third quarter. Janus Henderson Group PLC now owns 2,774,243 shares of the basic materials company’s stock valued at $419,518,000 after buying an additional 54,048 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.

Air Products & Chemicals (NYSE APD) opened at $161.64 on Monday. The firm has a market cap of $35,337.48, a P/E ratio of 25.62, a P/E/G ratio of 1.90 and a beta of 1.24. Air Products & Chemicals has a 52-week low of $133.63 and a 52-week high of $164.65. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 earnings per share. equities analysts expect that Air Products & Chemicals will post 7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.35%. Air Products & Chemicals’s dividend payout ratio (DPR) is 27.82%.

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Air Products & 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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