Air Products & Chemicals (APD) : Armstrong Henry H Associates Inc scooped up 4,685 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 11,870 shares of Air Products & Chemicals which is valued at $1,768,749.Air Products & Chemicals makes up approximately 0.34% of Armstrong Henry H Associates Inc’s portfolio.
Other Hedge Funds, Including , Smith Asset Management Group Lp sold out all of its stake in APD during the most recent quarter. The investment firm sold 286 shares of APD which is valued $42,617.Atalanta Sosnoff Capital reduced its stake in APD by selling 16,695 shares or 39.97% in the most recent quarter. The Hedge Fund company now holds 25,072 shares of APD which is valued at $3,735,979. Air Products & Chemicals makes up approx 0.12% of Atalanta Sosnoff Capital’s portfolio.Jnba Financial Advisors reduced its stake in APD by selling 13 shares or 24.53% in the most recent quarter. The Hedge Fund company now holds 40 shares of APD which is valued at $5,945.Private Trust Co Na boosted its stake in APD in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 6,126 shares of Air Products & Chemicals which is valued at $914,918. Air Products & Chemicals makes up approx 0.23% of Private Trust Co Na’s portfolio.Windward Capital Management Co Ca reduced its stake in APD by selling 26 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 2,327 shares of APD which is valued at $347,165. Air Products & Chemicals makes up approx 0.06% of Windward Capital Management Co Ca’s portfolio.
Air Products & Chemicals opened for trading at $148.81 and hit $150.75 on the upside on Friday, eventually ending the session at $149.42, with a gain of 0.29% or 0.43 points. The heightened volatility saw the trading volume jump to 14,99,568 shares. Company has a market cap of $32,287 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. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 162 from a previous price target of $147 .
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.