Traders Sell Shares of Air Products and Chemicals, Inc. (APD) on Strength (APD)

Traders sold shares of Air Products and Chemicals, Inc. (NYSE:APD) on strength during trading hours on Friday. $19.66 million flowed into the stock on the tick-up and $55.69 million flowed out of the stock on the tick-down, for a money net flow of $36.03 million out of the stock. Of all stocks tracked, Air Products and Chemicals had the 0th highest net out-flow for the day. Air Products and Chemicals traded up $0.40 for the day and closed at $161.58

A number of equities research analysts recently issued reports on APD shares. Argus lifted their target price on Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 28th. UBS AG raised their price target on Air Products and Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Susquehanna Bancshares Inc upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their price target for the company from $165.00 to $175.00 in a research note on Thursday, September 14th. KeyCorp restated a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research note on Friday, September 8th. Finally, Credit Suisse Group raised their price target on Air Products and Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Air Products and Chemicals presently has a consensus rating of “Buy” and an average price target of $164.80.

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The company has a market cap of $35,324.30, a P/E ratio of 25.61, a P/E/G ratio of 1.90 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company posted $2.01 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts predict that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.35%. Air Products and Chemicals’s dividend payout ratio is currently 27.82%.

Several hedge funds and other institutional investors have recently modified their holdings of APD. Patten Group Inc. boosted its stake in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 28 shares during the period. Tortoise Investment Management LLC boosted its stake in Air Products and Chemicals by 3,369.6% in the 3rd quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 775 shares during the period. IMS Capital Management bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $129,000. Armbruster Capital Management Inc. boosted its stake in Air Products and Chemicals by 13.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 108 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in Air Products and Chemicals by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 75 shares during the period. Institutional investors own 88.58% of the company’s stock.

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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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