Air Products & Chemicals (APD) : Armstrong Shaw Associates Incct reduced its stake in Air Products & Chemicals by 0.09% during the most recent quarter end. The investment management company now holds a total of 86,522 shares of Air Products & Chemicals which is valued at $12,896,104 after selling 77 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Air Products & Chemicals makes up approximately 3.15% of Armstrong Shaw Associates Incct’s portfolio.
Other Hedge Funds, Including , Wealth Architects reduced its stake in APD by selling 199 shares or 9.64% in the most recent quarter. The Hedge Fund company now holds 1,866 shares of APD which is valued at $278,127. Air Products & Chemicals makes up approx 0.13% of Wealth Architects’s portfolio.Nichols Pratt Advisers Llp reduced its stake in APD by selling 3,000 shares or 28.56% in the most recent quarter. The Hedge Fund company now holds 7,506 shares of APD which is valued at $1,119,970. Air Products & Chemicals makes up approx 0.10% of Nichols Pratt Advisers Llp’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in APD by selling 497 shares or 8.52% in the most recent quarter. The Hedge Fund company now holds 5,336 shares of APD which is valued at $795,117. Air Products & Chemicals makes up approx 0.08% of Tokio Marine Asset Management Co Ltd’s portfolio. Fenimore Asset Management Inc added APD to its portfolio by purchasing 51,060 company shares during the most recent quarter which is valued at $7,552,795. Air Products & Chemicals makes up approx 0.36% of Fenimore Asset Management Inc’s portfolio.
Air Products & Chemicals opened for trading at $150.17 and hit $151.73 on the upside on Monday, eventually ending the session at $151.52, with a gain of 1.12% or 1.68 points. The heightened volatility saw the trading volume jump to 7,35,961 shares. Company has a market cap of $32,812 M.
On the company’s financial health, Air Products & Chemicals reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.90. The company had revenue of $2434.40 million for the quarter, compared to analysts expectations of $2404.06 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.
Investors should note that on Jul 21, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Nov 14, 2016.
Many Wall Street Analysts have commented on Air Products & Chemicals. Air Products & Chemicals was Upgraded by JP Morgan to ” Overweight” on Aug 12, 2016. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.
Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.