Q4 2024 EPS Estimates for Air Products and Chemicals, Inc. (NYSE:APD) Decreased by Analyst

Air Products and Chemicals, Inc. (NYSE:APD) – Equities research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Air Products and Chemicals in a research report issued on Tuesday, July 16th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $3.54 for the quarter, down from their prior estimate of $3.55. The consensus estimate for Air Products and Chemicals’ current full-year earnings is $12.28 per share.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Mizuho decreased their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, June 29th. UBS Group raised their price objective on shares of Air Products and Chemicals from $257.00 to $268.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley boosted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Hold” and an average target price of $291.43.

Air Products and Chemicals Stock Up 1.1 %

APD stock opened at $270.47 on Thursday. The firm has a market cap of $60.13 billion, a PE ratio of 24.41, a P/E/G ratio of 2.95 and a beta of 0.81. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The firm has a 50 day simple moving average of $264.15 and a 200 day simple moving average of $250.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the business posted $2.74 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a $1.77 dividend. The ex-dividend date is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.62%. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.

Institutional Trading of Air Products and Chemicals

A number of institutional investors have recently added to or reduced their stakes in APD. Gateway Investment Advisers LLC boosted its holdings in Air Products and Chemicals by 11.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 4,333 shares of the basic materials company’s stock worth $1,186,000 after purchasing an additional 453 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Air Products and Chemicals by 9.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 2,090 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 173 shares during the last quarter. Marcum Wealth LLC raised its stake in shares of Air Products and Chemicals by 4.9% in the 4th quarter. Marcum Wealth LLC now owns 1,125 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 53 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Air Products and Chemicals by 1.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after purchasing an additional 38 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Air Products and Chemicals by 14.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,283 shares of the basic materials company’s stock valued at $1,157,000 after purchasing an additional 555 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.