Global Trust Asset Management LLC Sells 98 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Global Trust Asset Management LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,604 shares of the basic materials company’s stock after selling 98 shares during the period. Global Trust Asset Management LLC’s holdings in Air Products and Chemicals were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APD. Wealth Enhancement Advisory Services LLC increased its stake in shares of Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after acquiring an additional 139,223 shares in the last quarter. Forsta AP Fonden increased its stake in shares of Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after purchasing an additional 5,400 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $7,269,000. Jensen Investment Management Inc. lifted its holdings in shares of Air Products and Chemicals by 65.0% during the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock valued at $3,921,000 after purchasing an additional 5,190 shares during the last quarter. Finally, World Investment Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,205.1% in the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after purchasing an additional 35,479 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.6 %

Air Products and Chemicals stock opened at $319.62 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The stock has a fifty day moving average of $309.66 and a 200 day moving average of $295.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a market cap of $71.08 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 41.21%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price objective on 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. Vertical Research raised 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 report on Monday, October 7th. Wells Fargo & Company raised shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Monday, November 18th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $332.71.

Air Products and Chemicals Company 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.