Global Trust Asset Management LLC Boosts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Global Trust Asset Management LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 135.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,294 shares of the basic materials company’s stock after acquiring an additional 744 shares during the period. Global Trust Asset Management LLC’s holdings in Air Products and Chemicals were worth $354,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Advisory Alpha LLC purchased a new stake in Air Products and Chemicals during the third quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new position in shares of Air Products and Chemicals during the 3rd quarter valued at about $29,000. Adams Wealth Management purchased a new position in shares of Air Products and Chemicals during the 3rd quarter valued at about $30,000. Summit X LLC bought a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $30,000. Finally, Baron Financial Group LLC purchased a new stake in Air Products and Chemicals in the third quarter worth approximately $30,000. Institutional investors own 82.75% of the company’s stock.

Shares of Air Products and Chemicals stock opened at $290.67 on Thursday. The company has a current ratio of 3.59, a quick ratio of 3.43 and a debt-to-equity ratio of 0.60. Air Products and Chemicals, Inc. has a 12-month low of $167.43 and a 12-month high of $327.89. The company has a market cap of $64.25 billion, a P/E ratio of 34.24, a PEG ratio of 3.61 and a beta of 0.76. The company’s fifty day simple moving average is $273.56 and its two-hundred day simple moving average is $283.37.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Monday, November 16th. The basic materials company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.02). Air Products and Chemicals had a net margin of 21.30% and a return on equity of 15.48%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Air Products and Chemicals, Inc. will post 9.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 31st. Air Products and Chemicals’s payout ratio is presently 63.96%.

APD has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Air Products and Chemicals from $340.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, November 12th. JPMorgan Chase & Co. downgraded shares of Air Products and Chemicals from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $310.00 to $280.00 in a research note on Thursday, November 12th. BidaskClub raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 5th. Morgan Stanley lowered their target price on Air Products and Chemicals from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, November 16th. Finally, Evercore ISI began coverage on Air Products and Chemicals in a research note on Monday, September 21st. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Buy” and a consensus target price of $295.20.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

Read More: How to find the components of the quick ratio

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.