Air Products and Chemicals (NYSE:APD) Sets New 12-Month High – Should You Buy?

Air Products and Chemicals, Inc. (NYSE:APD)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $337.00 and last traded at $334.06, with a volume of 37852 shares. The stock had previously closed at $335.62.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APD shares. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. BMO Capital Markets boosted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Mizuho lifted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Barclays increased their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Down 1.2 %

The firm has a market capitalization of $73.74 billion, a PE ratio of 19.54, a PEG ratio of 3.35 and a beta of 0.81. The company has a fifty day moving average price of $315.16 and a 200-day moving average price of $286.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

Institutional Trading of Air Products and Chemicals

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC grew its holdings in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $32,000. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $42,000. Finally, Trifecta Capital Advisors LLC lifted its position in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

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.