Investment Counsel buys $2,281,023 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Investment Counsel scooped up 1,615 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 15,273 shares of Air Products & Chemicals which is valued at $2,281,023.Air Products & Chemicals makes up approximately 1.79% of Investment Counsel’s portfolio.

Other Hedge Funds, Including , Coastline Trust Co reduced its stake in APD by selling 375 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 14,618 shares of APD which is valued at $2,183,198. Air Products & Chemicals makes up approx 0.43% of Coastline Trust Co’s portfolio.Heritage Investors Management Corp reduced its stake in APD by selling 1,352 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 65,625 shares of APD which is valued at $9,790,594. Air Products & Chemicals makes up approx 0.71% of Heritage Investors Management Corp’s portfolio.

Air Products & Chemicals closed down -0.03 points or -0.02% at $149.35 with 6,13,256 shares getting traded on Wednesday. Post opening the session at $149.23, the shares hit an intraday low of $149 and an intraday high of $150 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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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