Rossmore Private Capital Has $278,000 Stake in Air Products & Chemicals, Inc. (NYSE:APD)

Rossmore Private Capital increased its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,740 shares of the basic materials company’s stock after buying an additional 200 shares during the quarter. Rossmore Private Capital’s holdings in Air Products & Chemicals were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of APD. Cornerstone Advisors Inc. increased its stake in shares of Air Products & Chemicals by 9.9% in the fourth quarter. Cornerstone Advisors Inc. now owns 752 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 68 shares during the period. Indiana Trust & Investment Management CO increased its stake in Air Products & Chemicals by 2.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 3,169 shares of the basic materials company’s stock valued at $507,000 after acquiring an additional 75 shares during the period. Cerebellum GP LLC increased its stake in Air Products & Chemicals by 9.3% during the fourth quarter. Cerebellum GP LLC now owns 1,178 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 100 shares during the period. Legacy Financial Advisors Inc. increased its stake in Air Products & Chemicals by 109.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 133 shares during the period. Finally, Moody National Bank Trust Division increased its stake in Air Products & Chemicals by 0.6% during the fourth quarter. Moody National Bank Trust Division now owns 24,115 shares of the basic materials company’s stock valued at $3,860,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

Several equities analysts recently issued reports on APD shares. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Tuesday, November 13th. BMO Capital Markets set a $200.00 price objective on Air Products & Chemicals and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $188.33.

APD stock opened at $171.97 on Thursday. The company has a market capitalization of $37.90 billion, a PE ratio of 23.08, a P/E/G ratio of 1.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $173.40.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.01). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.79 earnings per share. Analysts forecast that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be issued a $1.16 dividend. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 29th. Air Products & Chemicals’s payout ratio is presently 59.06%.

TRADEMARK VIOLATION NOTICE: “Rossmore Private Capital Has $278,000 Stake in Air Products & Chemicals, Inc. (NYSE:APD)” was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/02/14/rossmore-private-capital-purchases-200-shares-of-air-products-chemicals-inc-apd.html.

Air Products & 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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Featured Article: Benefits of owning preferred stock

Institutional Ownership by Quarter for Air Products & Chemicals (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.

Leave a Reply