Yousif Capital Management LLC Has $16.06 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Yousif Capital Management LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.4% during the 4th quarter, HoldingsChannel reports. The fund owned 55,361 shares of the basic materials company’s stock after selling 2,555 shares during the quarter. Yousif Capital Management LLC’s holdings in Air Products and Chemicals were worth $16,057,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its position in Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Financial Life Planners bought a new stake in Air Products and Chemicals during the fourth quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its position in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Finally, Newton One Investments LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth about $38,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on APD. Barclays raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Citigroup upped their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Bank of America cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 target price for the company. in a report on Monday, January 27th. Finally, Mizuho increased their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $335.45 on Wednesday. The company has a market capitalization of $74.60 billion, a PE ratio of 19.53, a P/E/G ratio of 3.55 and a beta of 0.85. The company has a 50 day simple moving average of $310.39 and a two-hundred day simple moving average of $299.92. 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, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $341.14.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, April 1st. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

About Air Products and Chemicals

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.