Recent stock transactions show major investors increasing their stakes in Air Products and Chemicals. For example, Capital Research Global Investors boosted its holdings by 62.3% recently, now owning over 11 million shares worth nearly $2.72 billion. Other notable changes include National Bank of Canada FI, which raised its holdings by 2,931% in the second quarter, now owning about 1.8 million shares valued at $444 million. In total, institutional investors hold 81.66% of the company’s shares.
Stock Performance
Air Products and Chemicals (NYSE:APD) shares opened at $285.58. The company has a market cap of $63.49 billion, with a P/E ratio of 25.77. Its stock has ranged from a low of $212.24 to a high of $302.03 over the past year.
In its latest earnings report from August 1st, the company posted earnings of $3.20 per share, exceeding expectations of $3.04, with a revenue of $2.99 billion.
Dividend Announcement
Air Products and Chemicals announced a quarterly dividend of $1.77 per share, payable on November 12th, with a yield of 2.48%.
Analyst Ratings
Stock analysts have mixed opinions on APD. While StockNews.com upgraded the rating from “sell” to “hold,” others like Goldman Sachs and Citigroup set higher price targets and rated the stock as a “buy.” Overall, the consensus rating is “hold” with an average target price of $296.50.
Company Overview
Air Products and Chemicals specializes in gases and services for various industries, including refining, manufacturing, and healthcare.
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