West Oak Capital Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : West Oak Capital reduced its stake in Air Products & Chemicals by 0.28% during the most recent quarter end. The investment management company now holds a total of 14,164 shares of Air Products & Chemicals which is valued at $2 Million after selling 40 shares in Air Products & Chemicals according to a report filed by the company on Apr 5, 2016 with the SEC.Air Products & Chemicals makes up approximately 1.58% of West Oak Capital’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group reduced its stake in APD by selling 287 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 39,963 shares of APD which is valued at $5.8 Million. Air Products & Chemicals makes up approx 2.90% of Renaissance Investment Group’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 & Chemicals opened for trading at $143.47 and hit $144.36 on the upside on Monday, eventually ending the session at $143.36, with a gain of 0.59% or 0.84 points. The heightened volatility saw the trading volume jump to 9,36,118 shares. Company has a market cap of $30,916 M.

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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