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Air Products and Chemicals, Inc. (NYSE:APD - Get Rating) declared a quarterly dividend on Friday, July 15th, RTT News reports. Investors of record on Monday, October 3rd will be paid a dividend of 1.62 per share by the basic materials company on Monday, November 14th. This represents a $6.48 annualized dividend and a dividend yield of 2.87%.
Air Products and Chemicals has raised its dividend by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 41 consecutive years. Air Products and Chemicals has a payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Air Products and Chemicals to earn $11.61 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 55.8%. Air Products and Chemicals Stock Performance
Shares of APD traded up $3.51 during mid-day trading on Friday, hitting $225.49. 16,064 shares of the company traded hands, compared to its average volume of 1,321,254. Air Products and Chemicals has a 1 year low of $216.24 and a 1 year high of $316.39. The stock has a 50-day moving average price of $240.44 and a two-hundred day moving average price of $250.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.79 and a current ratio of 1.95. The stock has a market cap of $50.01 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.73 and a beta of 0.83.
Air Products and Chemicals (NYSE:APD - Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The basic materials company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The firm's revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share. Equities analysts anticipate that Air Products and Chemicals will post 10.27 earnings per share for the current year. Wall Street Analyst Weigh In
Several equities analysts have recently commented on APD shares. Mizuho cut their price target on Air Products and Chemicals from $312.00 to $286.00 and set a "buy" rating on the stock in a research note on Thursday, July 7th. Jefferies Financial Group reduced their price objective on shares of Air Products and Chemicals from $270.00 to $257.00 in a research note on Thursday, June 16th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a "neutral" rating to an "overweight" rating and set a $275.00 price objective for the company in a research note on Monday, March 21st. UBS Group cut their target price on Air Products and Chemicals from $321.00 to $295.00 in a research note on Wednesday. Finally, StockNews.com started coverage on shares of Air Products and Chemicals in a research report on Thursday, March 31st. They issued a "hold" rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus target price of $289.79.Institutional Investors Weigh In On Air Products and Chemicals
A number of large investors have recently modified their holdings of APD. Lazard Asset Management LLC raised its position in Air Products and Chemicals by 47.8% in the first quarter. Lazard Asset Management LLC now owns 445 shares of the basic materials company's stock valued at $110,000 after purchasing an additional 144 shares during the period. Covestor Ltd increased its stake in Air Products and Chemicals by 85.6% during the first quarter. Covestor Ltd now owns 579 shares of the basic materials company's stock worth $145,000 after purchasing an additional 267 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Air Products and Chemicals by 17.1% in the first quarter. Parkside Financial Bank & Trust now owns 755 shares of the basic materials company's stock valued at $188,000 after purchasing an additional 110 shares during the period. qPULA Trading Management LP acquired a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $208,000. Finally, Frontier Wealth Management LLC increased its stake in Air Products and Chemicals by 13.2% during the 1st quarter. Frontier Wealth Management LLC now owns 858 shares of the basic materials company's stock worth $213,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 80.62% of the company's stock. Air Products and Chemicals Company Profile (Get Rating)
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.Read MoreGet a free copy of the StockNews.com research report on Air Products and Chemicals (APD)Should You Have These Two Banks In Your Portfolio?Is Coupang's Stock On The Verge Of A Turnaround?Why Shopify Stock Split…And is as Shoppable as EverVerint Systems Stock is a Customer Engagement Play Taiwan Semiconductor Rides Chip Demand To Record Revenue
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