Analysts’ Weekly Ratings Changes for Air Products and Chemicals (APD)

Several brokerages have updated their recommendations and price targets on shares of Air Products and Chemicals (NYSE: APD) in the last few weeks:

• 8/5/2024 – Air Products and Chemicals had its price target raised by analysts at BMO Capital Markets from $300.00 to $323.00. They now have an “outperform” rating on the stock.
• 8/5/2024 – Air Products and Chemicals had its price target raised by analysts at The Goldman Sachs Group, Inc. from $291.00 to $330.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Air Products and Chemicals had its price target raised by analysts at JPMorgan Chase & Co. from $300.00 to $340.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Air Products and Chemicals had its price target raised by analysts at Wells Fargo & Company from $240.00 to $280.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/23/2024 – Air Products and Chemicals was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/22/2024 – Air Products and Chemicals was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $280.00 price target on the stock, down previously from $310.00.
• 7/12/2024 – Air Products and Chemicals had its price target raised by analysts at Citigroup Inc. from $280.00 to $305.00. They now have a “buy” rating on the stock.
• 7/11/2024 – Air Products and Chemicals had its price target raised by analysts at BMO Capital Markets from $294.00 to $300.00. They now have an “outperform” rating on the stock.
• 7/9/2024 – Air Products and Chemicals had its price target raised by analysts at UBS Group AG from $257.00 to $268.00. They now have a “neutral” rating on the stock.
• 6/29/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 6/21/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 6/13/2024 – Air Products and Chemicals was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 6/10/2024 – Air Products and Chemicals had its price target raised by analysts at BMO Capital Markets from $276.00 to $294.00. They now have an “outperform” rating on the stock.
• 6/10/2024 – Air Products and Chemicals had its price target raised by analysts at Barclays PLC from $245.00 to $290.00. They now have an “equal weight” rating on the stock.
• 6/10/2024 – Air Products and Chemicals had its price target raised by analysts at Bank of America Co. from $275.00 to $312.00. They now have a “buy” rating on the stock.
• 6/10/2024 – Air Products and Chemicals had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $260.00 to $310.00. They now have a “buy” rating on the stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $1.39 during trading hours on Monday, hitting $280.35. The company’s stock had a trading volume of 520,789 shares, compared to its average volume of 1,760,731. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. The company has a market cap of $62.32 billion, a PE ratio of 25.30, a PEG ratio of 3.17 and a beta of 0.81. The business has a 50 day moving average price of $265.80 and a two-hundred day moving average price of $250.06.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Institutional Trading of Air Products and Chemicals

Institutional investors and hedge funds have recently made changes to their positions in the business. Cape Investment Advisory Inc. raised its holdings in Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after purchasing an additional 37 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Air Products and Chemicals by 0.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after purchasing an additional 39 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Air Products and Chemicals by 2.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 39 shares in the last quarter. Stokes Family Office LLC increased its stake in Air Products and Chemicals by 3.4% during the 2nd quarter. Stokes Family Office LLC now owns 1,213 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 40 shares in the last quarter. Finally, Legacy Capital Group California Inc. lifted its stake in shares of Air Products and Chemicals by 1.0% during the second quarter. Legacy Capital Group California Inc. now owns 3,984 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 41 shares during the period. 81.66% of the stock is currently owned by institutional investors.

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.