Air Products & Chemicals (APD) : Cibc World Markets Corp added new position in Air Products & Chemicals during the most recent quarter end. The investment management firm now holds 1,000,000 shares of Air Products & Chemicals which is valued at $141.8 Million , the company said in a statement filed on May 12, 2016 with the SEC.Air Products & Chemicals makes up approximately 4.74% of Cibc World Markets Corp’s portfolio.
Other Hedge Funds, Including , Oarsman Capital reduced its stake in APD by selling 80 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 1,710 shares of APD which is valued at $242,529. Air Products & Chemicals makes up approx 0.13% of Oarsman Capital’s portfolio.Farmers Merchants Investments Inc boosted its stake in APD in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 51,741 shares of Air Products & Chemicals which is valued at $7.5 Million. Air Products & Chemicals makes up approx 0.87% of Farmers Merchants Investments Inc’s portfolio.Seven Bridges Advisors boosted its stake in APD in the latest quarter, The investment management firm added 217 additional shares and now holds a total of 3,121 shares of Air Products & Chemicals which is valued at $451,203. Air Products & Chemicals makes up approx 0.36% of Seven Bridges Advisors’s portfolio. Barton Investment Management sold out all of its stake in APD during the most recent quarter. The investment firm sold 100 shares of APD which is valued $14,589.
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 GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; 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.