Nisa Investment Advisors LLC Has $19.37 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Nisa Investment Advisors LLC lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,768 shares of the basic materials company’s stock after selling 433 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $19,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Simon Quick Advisors LLC increased its holdings in Air Products and Chemicals by 12.2% in the fourth quarter. Simon Quick Advisors LLC now owns 999 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 109 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Air Products and Chemicals by 15.5% during the 4th quarter. Atomi Financial Group Inc. now owns 2,381 shares of the basic materials company’s stock worth $691,000 after buying an additional 319 shares during the period. Solidarity Wealth LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $4,644,000. Mitchell & Pahl Private Wealth LLC raised its position in shares of Air Products and Chemicals by 3.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,484 shares of the basic materials company’s stock valued at $2,751,000 after acquiring an additional 286 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Air Products and Chemicals by 3.3% during the 4th quarter. Ballentine Partners LLC now owns 5,923 shares of the basic materials company’s stock worth $1,718,000 after acquiring an additional 191 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.9 %

Shares of APD stock opened at $316.87 on Thursday. The firm’s fifty day moving average price is $309.66 and its two-hundred day moving average price is $295.61. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $337.00. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $70.46 billion, a P/E ratio of 18.44, a PEG ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s payout ratio is currently 41.21%.

Analysts Set New Price Targets

Several equities research analysts have commented on APD shares. JPMorgan Chase & Co. lowered their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Mizuho raised their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. UBS Group raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, November 18th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals 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.