Pennsylvania Trust Co Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Pennsylvania Trust Co reduced its stake in Air Products & Chemicals by 2.17% during the most recent quarter end. The investment management company now holds a total of 10,553 shares of Air Products & Chemicals which is valued at $1,399,855 after selling 234 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Air Products & Chemicals makes up approximately 0.11% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in APD by selling 1,800 shares or 39.4% in the most recent quarter. The Hedge Fund company now holds 2,768 shares of APD which is valued at $367,175. Air Products & Chemicals makes up approx 0.05% of Stock Yards Bank Trust Co’s portfolio.Howland Capital Management boosted its stake in APD in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 6,324 shares of Air Products & Chemicals which is valued at $836,412. Air Products & Chemicals makes up approx 0.08% of Howland Capital Management’s portfolio. Hefty Wealth Partners added APD to its portfolio by purchasing 365 company shares during the most recent quarter which is valued at $49,998. Air Products & Chemicals makes up approx 0.04% of Hefty Wealth Partners’s portfolio.West Oak Capital reduced its stake in APD by selling 210 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 13,754 shares of APD which is valued at $1,884,023. Air Products & Chemicals makes up approx 1.30% of West Oak Capital’s portfolio.

Air Products & Chemicals opened for trading at $133.27 and hit $133.27 on the upside on Friday, eventually ending the session at $132.65, with a gain of 0.29% or 0.39 points. The heightened volatility saw the trading volume jump to 11,93,732 shares. Company has a market cap of $28,725 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.

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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