Ropes Wealth Advisors buys $2.7 Million stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Ropes Wealth Advisors scooped up 7 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 19,160 shares of Air Products & Chemicals which is valued at $2.7 Million.Air Products & Chemicals makes up approximately 1.20% of Ropes Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in APD in the latest quarter, The investment management firm added 250,600 additional shares and now holds a total of 383,384 shares of Air Products & Chemicals which is valued at $54.4 Million. Air Products & Chemicals makes up approx 0.23% of Canada Pension Plan Investment Board’s portfolio.Andra Ap-fonden boosted its stake in APD in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 30,600 shares of Air Products & Chemicals which is valued at $4.4 Million. Air Products & Chemicals makes up approx 0.12% of Andra Ap-fonden’s portfolio.Wealthtrust Fairport boosted its stake in APD in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 31,695 shares of Air Products & Chemicals which is valued at $4.6 Million. Air Products & Chemicals makes up approx 0.62% of Wealthtrust Fairport’s portfolio. Thompson Davis added APD to its portfolio by purchasing 147 company shares during the most recent quarter which is valued at $21,252. Air Products & Chemicals makes up approx 0.03% of Thompson Davis’s portfolio.Great West Life Assurance Co Can boosted its stake in APD in the latest quarter, The investment management firm added 5,823 additional shares and now holds a total of 122,100 shares of Air Products & Chemicals which is valued at $17.8 Million. Air Products & Chemicals makes up approx 0.06% of Great West Life Assurance Co Can’s portfolio.

Air Products & Chemicals closed down -0.26 points or -0.18% at $141.44 with 6,22,364 shares getting traded on Friday. Post opening the session at $142.54, the shares hit an intraday low of $141.09 and an intraday high of $142.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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