Stillwater Investment Management adds Air Products & Chemicals (APD) to its portfolio

Air Products & Chemicals (APD) : Stillwater Investment Management added new position in Air Products & Chemicals during the most recent quarter end. The investment management firm now holds 73,000 shares of Air Products & Chemicals which is valued at $10.4 Million , the company said in a statement filed on May 11, 2016 with the SEC.Air Products & Chemicals makes up approximately 5.05% of Stillwater Investment Management’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers boosted its stake in APD in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 5,792 shares of Air Products & Chemicals which is valued at $821,479. Air Products & Chemicals makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in APD in the latest quarter, The investment management firm added 1,735 additional shares and now holds a total of 14,403 shares of Air Products & Chemicals which is valued at $2 Million. Air Products & Chemicals makes up approx 0.04% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Cadence Capital Management reduced its stake in APD by selling 4,605 shares or 13.51% in the most recent quarter. The Hedge Fund company now holds 29,478 shares of APD which is valued at $4.3 Million. Air Products & Chemicals makes up approx 0.30% of Cadence Capital Management’s portfolio.Tarbox Group reduced its stake in APD by selling 17 shares or 14.91% in the most recent quarter. The Hedge Fund company now holds 97 shares of APD which is valued at $14,151. Air Products & Chemicals makes up approx 0.01% of Tarbox Group’s portfolio.

Air Products & Chemicals opened for trading at $141.99 and hit $143.93 on the upside on Monday, eventually ending the session at $143.55, with a gain of 1.21% or 1.72 points. The heightened volatility saw the trading volume jump to 8,35,810 shares. Company has a market cap of $31,018 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.

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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