Air Products & Chemicals (APD) : Colonial Trust Advisors reduced its stake in Air Products & Chemicals by 1.88% during the most recent quarter end. The investment management company now holds a total of 45,787 shares of Air Products & Chemicals which is valued at $6.5 Million after selling 875 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on May 13, 2016.Air Products & Chemicals makes up approximately 2.14% of Colonial Trust Advisors’s portfolio.
Other Hedge Funds, Including , Ensemble Capital Management reduced its stake in APD by selling 2,900 shares or 35.54% in the most recent quarter. The Hedge Fund company now holds 5,260 shares of APD which is valued at $746,026. Air Products & Chemicals makes up approx 0.23% of Ensemble Capital Management’s portfolio.California Public Employees Retirement System reduced its stake in APD by selling 20,100 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 537,060 shares of APD which is valued at $77.6 Million. Air Products & Chemicals makes up approx 0.12% of California Public Employees Retirement System’s portfolio.
Air Products & Chemicals opened for trading at $143.84 and hit $144.78 on the upside on Wednesday, eventually ending the session at $143.68, with a gain of 0.27% or 0.38 points. The heightened volatility saw the trading volume jump to 6,70,805 shares. Company has a market cap of $31,047 M.
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.
Investors should note that on May 19, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Aug 8, 2016.
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.