Crossmark Global Holdings Inc. trimmed its position in Air Products & Chemicals, Inc. (NYSE:APD) by 15.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,258 shares of the basic materials company’s stock after selling 3,052 shares during the period. Crossmark Global Holdings Inc.’s holdings in Air Products & Chemicals were worth $4,055,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Simon Quick Advisors LLC acquired a new position in Air Products & Chemicals during the 4th quarter valued at approximately $33,000. Usca Ria LLC acquired a new position in Air Products & Chemicals during the 3rd quarter valued at approximately $43,000. Price Wealth LLC acquired a new position in Air Products & Chemicals during the 4th quarter valued at approximately $49,000. Regal Wealth Group Inc. boosted its position in Air Products & Chemicals by 89.1% during the 3rd quarter. Regal Wealth Group Inc. now owns 331 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 156 shares during the period. Finally, Savior LLC acquired a new position in Air Products & Chemicals during the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 83.71% of the company’s stock.
In other news, Director Edward L. Monser acquired 200 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $237.60 per share, with a total value of $47,520.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 24th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.06. Air Products & Chemicals had a return on equity of 16.20% and a net margin of 21.10%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Air Products & Chemicals, Inc. will post 9.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.16. Air Products & Chemicals’s payout ratio is 56.52%.
A number of research firms recently issued reports on APD. Berenberg Bank began coverage on Air Products & Chemicals in a research report on Tuesday, November 26th. They set a “hold” rating and a $241.00 price objective for the company. Barclays boosted their price objective on Air Products & Chemicals from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Co restated an “equal weight” rating and set a $260.00 price objective (up previously from $250.00) on shares of Air Products & Chemicals in a research report on Monday, January 27th. SunTrust Banks boosted their price target on Air Products & Chemicals from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, January 27th. Finally, Deutsche Bank boosted their price target on Air Products & Chemicals from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Air Products & Chemicals presently has a consensus rating of “Hold” and an average price target of $247.83.
About Air Products & Chemicals
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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
Featured Article: Put Option
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 & Chemicals, Inc. (NYSE:APD).
Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.