Balance Sheet Insights: Air Products & Chemicals Inc. (APD)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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In the latest session, Air Products & Chemicals Inc. (NYSE: APD) closed at $272.07 down -0.96% from its previous closing price of $274.70. In other words, the price has decreased by -$0.96 from its previous closing price. On the day, 1.15 million shares were traded. APD stock price reached its highest trading level at $275.3652 during the session, while it also had its lowest trading level at $272.0.

Ratios:

For a deeper understanding of Air Products & Chemicals Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.88.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wolfe Research on March 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $279.

TD Cowen reiterated its Outperform rating for the stock on February 16, 2024, while the target price for the stock was revised from $345 to $305.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 05 ’23 when Kutz Jeffrey sold 107 shares for $264.74 per share. The transaction valued at 28,327 led to the insider holds 1,270 shares of the business.

Ghasemi Seifi bought 11,000 shares of APD for $2,908,620 on Nov 13 ’23. The Chairman, Pres. and CEO now owns 670,673 shares after completing the transaction at $264.42 per share. On Nov 08 ’23, another insider, Ghasemi Seifi, who serves as the Chairman, Pres. and CEO of the company, bought 10,000 shares for $252.34 each. As a result, the insider paid 2,523,400 and bolstered with 659,673 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APD now has a Market Capitalization of 61067476992 and an Enterprise Value of 73596870656. As of this moment, Air’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.61, and their Forward P/E ratio for the next fiscal year is 20.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.98 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 6.056 whereas that against EBITDA is 17.885.

Stock Price History:

The Beta on a monthly basis for APD is 0.83, which has changed by -0.049570322 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, APD has reached a high of $307.71, while it has fallen to a 52-week low of $212.24. The 50-Day Moving Average of the stock is 7.32%, while the 200-Day Moving Average is calculated to be 4.10%.

Shares Statistics:

For the past three months, APD has traded an average of 1.53M shares per day and 1568690 over the past ten days. A total of 222.20M shares are outstanding, with a floating share count of 220.69M. Insiders hold about 0.72% of the company’s shares, while institutions hold 84.16% stake in the company. Shares short for APD as of 1715731200 were 3411482 with a Short Ratio of 2.18, compared to 1713139200 on 2660605. Therefore, it implies a Short% of Shares Outstanding of 3411482 and a Short% of Float of 1.54.

Dividends & Splits

According to the company, the forward annual dividend rate for APD is 7.02, from 7.02 in the trailing year. Against a Trailing Annual Dividend Yield of 0.02555515The stock’s 5-year Average Dividend Yield is 2.22. The current Payout Ratio is 66.73% for APD, which recently paid a dividend on 2024-03-28 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2016-10-03 when the company split stock in a 1081:1000 ratio.

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