Renaissance Investment Group buys $5,402,953 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Renaissance Investment Group scooped up 783 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 40,851 shares of Air Products & Chemicals which is valued at $5,402,953.Air Products & Chemicals makes up approximately 2.64% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in APD in the latest quarter, The investment management firm added 309 additional shares and now holds a total of 5,186 shares of Air Products & Chemicals which is valued at $685,900. Air Products & Chemicals makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Capstone Asset Management Co boosted its stake in APD in the latest quarter, The investment management firm added 1,726 additional shares and now holds a total of 23,071 shares of Air Products & Chemicals which is valued at $3,060,368. Air Products & Chemicals makes up approx 0.09% of Capstone Asset Management Co’s portfolio. Lorem Ipsum Management sold out all of its stake in APD during the most recent quarter. The investment firm sold 15,000 shares of APD which is valued $2,031,000.Cutler Group Lp reduced its stake in APD by selling 5,231 shares or 61.44% in the most recent quarter. The Hedge Fund company now holds 3,283 shares of APD which is valued at $444,518. Air Products & Chemicals makes up approx 0.03% of Cutler Group Lp’s portfolio.West Oak Capital reduced its stake in APD by selling 210 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 13,754 shares of APD which is valued at $1,884,023. Air Products & Chemicals makes up approx 1.30% of West Oak Capital’s portfolio.

Air Products & Chemicals closed down -2.75 points or -2.03% at $132.65 with 19,32,760 shares getting traded on Tuesday. Post opening the session at $135.01, the shares hit an intraday low of $131.73 and an intraday high of $135.03 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Air Products & Chemicals reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.90. The company had revenue of $2434.40 million for the quarter, compared to analysts expectations of $2404.06 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Air Products & Chemicals. Air Products & Chemicals was Upgraded by JP Morgan to ” Overweight” on Aug 12, 2016.

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.

Leave a Reply

Air Products & Chemicals - Is it time to Sell?

Top Brokerage Firms are advising their investors on Air Products & Chemicals. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.