Fruth Investment Management Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Fruth Investment Management reduced its stake in Air Products & Chemicals by 0.79% during the most recent quarter end. The investment management company now holds a total of 28,146 shares of Air Products & Chemicals which is valued at $4,163,356 after selling 225 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Air Products & Chemicals makes up approximately 1.96% of Fruth Investment Management’s portfolio.

Other Hedge Funds, Including , Alpha Windward reduced its stake in APD by selling 65 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 1,581 shares of APD which is valued at $228,217. Air Products & Chemicals makes up approx 0.16% of Alpha Windward’s portfolio.Perkins Coie Trust Co boosted its stake in APD in the latest quarter, The investment management firm added 332 additional shares and now holds a total of 9,301 shares of Air Products & Chemicals which is valued at $1,342,599. Air Products & Chemicals makes up approx 0.87% of Perkins Coie Trust Co’s portfolio.Mazama Capital Management Inc boosted its stake in APD in the latest quarter, The investment management firm added 1,079 additional shares and now holds a total of 40,551 shares of Air Products & Chemicals which is valued at $5,853,537. Air Products & Chemicals makes up approx 1.15% of Mazama Capital Management Inc’s portfolio.West Oak Capital reduced its stake in APD by selling 200 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 13,964 shares of APD which is valued at $2,015,703. Air Products & Chemicals makes up approx 1.44% of West Oak Capital’s portfolio.

Air Products & Chemicals opened for trading at $149.4 and hit $149.69 on the upside on Friday, eventually ending the session at $149.35, with a gain of 0.30% or 0.45 points. The heightened volatility saw the trading volume jump to 8,12,268 shares. Company has a market cap of $32,272 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. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.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 .

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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