Brown Lisle Cummings Inc. Has $698,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Brown Lisle Cummings Inc. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,406 shares of the basic materials company’s stock after acquiring an additional 205 shares during the period. Brown Lisle Cummings Inc.’s holdings in Air Products and Chemicals were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Air Products and Chemicals during the third quarter worth $25,000. Raleigh Capital Management Inc. boosted 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 valued at $30,000 after purchasing an additional 43 shares during the last quarter. Financial Life Planners bought a new stake in Air Products and Chemicals during the fourth quarter worth $31,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in shares of Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the subject of a number of research analyst reports. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective on the stock in a research report on Friday. Mizuho lifted 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. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research note on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $340.50.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $338.90 on Tuesday. 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 $339.10. The firm has a market cap of $75.37 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85. The business has a 50 day moving average price of $310.29 and a 200-day moving average price of $299.41.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. The ex-dividend date is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a dividend yield of 2.11%. Air Products and Chemicals’s payout ratio is 41.21%.

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.