Fenimore Asset Management Inc buys $9,382,335 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Fenimore Asset Management Inc scooped up 19,670 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 70,730 shares of Air Products & Chemicals which is valued at $9,382,335.Air Products & Chemicals makes up approximately 0.46% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , First Financial Bank N.a. – Trust Division reduced its stake in APD by selling 48 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 2,210 shares of APD which is valued at $299,234. Air Products & Chemicals makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Carroll Financial Associates boosted its stake in APD in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 133 shares of Air Products & Chemicals which is valued at $18,008.Washington Trust Bank boosted its stake in APD in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 204 shares of Air Products & Chemicals which is valued at $27,944. Air Products & Chemicals makes up approx 0.01% of Washington Trust Bank’s portfolio.

Air Products & Chemicals closed down -2.75 points or -2.03% at $132.65 with 19,32,760 shares getting traded on Tuesday. Post opening the session at $135.01, the shares hit an intraday low of $131.73 and an intraday high of $135.03 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Air Products & Chemicals. Air Products & Chemicals was Upgraded by JP Morgan to ” Overweight” on Aug 12, 2016.

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 Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; 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.

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