Bristol John W Co Inc Ny Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Bristol John W Co Inc Ny reduced its stake in Air Products & Chemicals by 4.1% during the most recent quarter end. The investment management company now holds a total of 609,467 shares of Air Products & Chemicals which is valued at $90,274,252 after selling 26,040 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Air Products & Chemicals makes up approximately 2.39% of Bristol John W Co Inc Ny’s portfolio.

Air Products & Chemicals closed down -0.2 points or -0.13% at $148.12 with 7,18,794 shares getting traded on Friday. Post opening the session at $149.05, the shares hit an intraday low of $147.56 and an intraday high of $149.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Murphy Capital Management Inc boosted its stake in APD in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 13,575 shares of Air Products & Chemicals which is valued at $2,010,729. Air Products & Chemicals makes up approx 0.31% of Murphy Capital Management Inc’s portfolio. Wagner Bowman Management Corp added APD to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $203,042. Air Products & Chemicals makes up approx 0.08% of Wagner Bowman Management Corp’s portfolio.Macnealy Hoover Investment Management Inc boosted its stake in APD in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 11,074 shares of Air Products & Chemicals which is valued at $1,606,062. Air Products & Chemicals makes up approx 0.30% of Macnealy Hoover Investment Management Inc’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in APD in the latest quarter, The investment management firm added 6,234 additional shares and now holds a total of 41,153 shares of Air Products & Chemicals which is valued at $5,968,420. Air Products & Chemicals makes up approx 0.14% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Air Products & Chemicals reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $1.71. The company had revenue of $2355.80 million for the quarter, compared to analysts expectations of $2435.00 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.55 EPS.

Many Wall Street Analysts have commented on Air Products & Chemicals. Company shares were Downgraded by Deutsche Bank on Apr 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 152 from a previous price target of $150 .Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 161 from a previous price target of $145 .Shares were Reiterated by Deutsche Bank on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $160 .

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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