Crossmark Global Holdings Inc. Trims Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Crossmark Global Holdings Inc. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,156 shares of the basic materials company's stock after selling 2,320 shares during the period. Crossmark Global Holdings Inc.'s holdings in Air Products and Chemicals were worth $11,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock valued at $3,452,000 after acquiring an additional 34 shares in the last quarter. CX Institutional lifted its holdings in Air Products and Chemicals by 2.6% during the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock worth $400,000 after buying an additional 34 shares in the last quarter. Bank of Stockton lifted its holdings in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock worth $540,000 after buying an additional 34 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in Air Products and Chemicals by 1.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company's stock worth $906,000 after buying an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on APD. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. UBS Group boosted their price objective on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a "neutral" rating in a report on Tuesday, October 15th. Barclays upped their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an "equal weight" rating in a report on Friday. StockNews.com raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Monday, September 23rd. Finally, BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $328.18.

Air Products and Chemicals Stock Up 0.3 %

Shares of NYSE APD traded up $0.92 during mid-day trading on Monday, hitting $313.91. 1,936,174 shares of the stock traded hands, compared to its average volume of 1,405,513. The stock has a fifty day moving average price of $301.56 and a 200-day moving average price of $277.53. The company has a market cap of $69.79 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.46 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.10 and a current ratio of 1.52.

About Air Products and Chemicals

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.