Cordasco Financial Network buys $1,287,479 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Cordasco Financial Network scooped up 600 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 8,825 shares of Air Products & Chemicals which is valued at $1,287,479.Air Products & Chemicals makes up approximately 1.43% of Cordasco Financial Network’s portfolio.

Air Products & Chemicals closed down -0.02 points or -0.01% at $145.87 with 13,60,002 shares getting traded on Monday. Post opening the session at $144.82, the shares hit an intraday low of $144.82 and an intraday high of $147.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Concannon Wealth Management boosted its stake in APD in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,196 shares of Air Products & Chemicals which is valued at $325,272. Air Products & Chemicals makes up approx 0.33% of Concannon Wealth Management’s portfolio.Jnba Financial Advisors boosted its stake in APD in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 53 shares of Air Products & Chemicals which is valued at $7,850.Cohen Lawrence B reduced its stake in APD by selling 110 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 10,860 shares of APD which is valued at $1,608,583. Air Products & Chemicals makes up approx 1.03% of Cohen Lawrence B’s portfolio.Btim Corp. reduced its stake in APD by selling 7,505 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 157,618 shares of APD which is valued at $23,346,378. Air Products & Chemicals makes up approx 0.40% of Btim Corp.’s portfolio.

On the company’s financial health, Air Products & Chemicals reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.81. The company had revenue of $2271.00 million for the quarter, compared to analysts expectations of $2366.13 million. The company’s revenue was down -5.9 % 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 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 .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 .

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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