Renaissance Investment Group buys $5,977,745 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Renaissance Investment Group scooped up 105 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 14, 2016. The investment management firm now holds a total of 40,068 shares of Air Products & Chemicals which is valued at $5,977,745.Air Products & Chemicals makes up approximately 2.86% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp boosted its stake in APD in the latest quarter, The investment management firm added 23,415 additional shares and now holds a total of 797,307 shares of Air Products & Chemicals which is valued at $118,950,231. Air Products & Chemicals makes up approx 1.91% of Sarasin Partners Llp’s portfolio.Creative Planning boosted its stake in APD in the latest quarter, The investment management firm added 81 additional shares and now holds a total of 7,649 shares of Air Products & Chemicals which is valued at $1,131,440. Air Products & Chemicals makes up approx 0.01% of Creative Planning’s portfolio. Quotient Investors sold out all of its stake in APD during the most recent quarter. The investment firm sold 2,563 shares of APD which is valued $379,119.Rosenbaum Jay D. boosted its stake in APD in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 1,980 shares of Air Products & Chemicals which is valued at $285,813. Air Products & Chemicals makes up approx 0.04% of Rosenbaum Jay D.’s portfolio.Baxter Bros Inc boosted its stake in APD in the latest quarter, The investment management firm added 9,513 additional shares and now holds a total of 18,678 shares of Air Products & Chemicals which is valued at $2,696,169. Air Products & Chemicals makes up approx 0.84% of Baxter Bros Inc’s portfolio.

Air Products & Chemicals closed down -0.16 points or -0.11% at $149.19 with 9,53,840 shares getting traded on Monday. Post opening the session at $149.36, the shares hit an intraday low of $148.65 and an intraday high of $149.68 and the price fluctuated in this range throughout the day.Shares ended Monday 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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