Yousif Capital Management LLC Has $15.38 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Yousif Capital Management LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,135 shares of the basic materials company's stock after selling 3,226 shares during the period. Yousif Capital Management LLC's holdings in Air Products and Chemicals were worth $15,376,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of APD. Generali Investments Management Co LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at about $26,000. Sierra Ocean LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at $30,000. WR Wealth Planners LLC raised its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Financial Perspectives Inc boosted its stake in Air Products and Chemicals by 33.3% in the fourth quarter. Financial Perspectives Inc now owns 140 shares of the basic materials company's stock worth $41,000 after purchasing an additional 35 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $44,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.7%

Shares of APD traded up $1.86 during mid-day trading on Tuesday, hitting $281.78. 1,340,859 shares of the company's stock were exchanged, compared to its average volume of 1,440,279. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a market cap of $62.71 billion, a PE ratio of 16.36, a P/E/G ratio of 3.07 and a beta of 0.86. The company has a 50-day simple moving average of $270.20 and a 200 day simple moving average of $295.34.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Air Products and Chemicals's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 EPS. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. The ex-dividend date is Tuesday, July 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.54%. Air Products and Chemicals's dividend payout ratio is currently 104.07%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. UBS Group reduced their target price on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Bank of America lowered Air Products and Chemicals from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $330.00 to $282.00 in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.00.

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.