November 24, 2016 - By Marie Mckinney · 0 Comments
Air Products & Chemicals Inc (NYSE:APD) institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.32, from 0.91 in 2016Q1. The ratio is more positive, as 296 investment managers started new and increased holdings, while 325 decreased and sold their stakes in Air Products & Chemicals Inc. The investment managers in our partner’s database now hold: 185.27 million shares, down from 185.77 million shares in 2016Q1. Also, the number of investment managers holding Air Products & Chemicals Inc in their top 10 holdings decreased from 27 to 19 for a decrease of 8. Sold All: 60 Reduced: 265 Increased: 240 New Position: 56.
Air Products and Chemicals, Inc. is an industrial gases company. The company has a market cap of $30.47 billion. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. It has a 20.2 P/E ratio. The Firm operates through seven divisions: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa , Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.
The stock increased 0.74% or $1.04 on November 23, hitting $140.75. About 672,406 shares traded hands. Air Products & Chemicals, Inc. (NYSE:APD) has risen 2.72% since April 22, 2016 and is uptrending. It has underperformed by 2.69% the S&P500.
Analysts await Air Products & Chemicals, Inc. (NYSE:APD) to report earnings on February, 3. They expect $1.47 earnings per share, down 17.42% or $0.31 from last year’s $1.78 per share. APD’s profit will be $318.23M for 23.94 P/E if the $1.47 EPS becomes a reality. After $2.01 actual earnings per share reported by Air Products & Chemicals, Inc. for the previous quarter, Wall Street now forecasts -26.87% negative EPS growth.
According to Zacks Investment Research, “Air Products and Chemicals, Inc. has established an internationally recognized industrial gas and related industrial process equipment business, and developed strong positions as a producer of certain chemicals. The industrial gases business segment recovers and distributes industrial gases such as oxygen, nitrogen, argon, and hydrogen and a variety of medical and specialty gases. The chemicals business segment produces and markets polymer chemicals, performance chemicals, and chemical intermediates.”
Pershing Square Capital Management L.P. holds 14.37% of its portfolio in Air Products & Chemicals, Inc. for 7.60 million shares. Monroe Hall Asset Management Llc owns 294,011 shares or 11.64% of their US portfolio. Moreover, Freshford Capital Management Llc has 9.83% invested in the company for 231,774 shares. The Netherlands-based Ing Groep Nv has invested 8.77% in the stock. Tricadia Capital Management Llc, a New York-based fund reported 175,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 6 sales for $7.30 million net activity.
Ratings analysis reveals 55% of Air Products & Chemicals’s analysts are positive. Out of 11 Wall Street analysts rating Air Products & Chemicals, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $132 while the high is $165. The stock’s average target of $154.50 is 9.77% above today’s ($140.75) share price. APD was included in 23 notes of analysts from August 4, 2015. The firm has “Neutral” rating given on Monday, April 18 by Citigroup. The company was upgraded on Tuesday, August 4 by Global Hunter Securities. The firm has “Hold” rating by Deutsche Bank given on Monday, April 4. The rating was upgraded by JP Morgan on Friday, August 12 to “Overweight”. The stock of Air Products & Chemicals, Inc. (NYSE:APD) earned “Equal Weight” rating by Barclays Capital on Monday, May 2. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. Seaport Global upgraded the shares of APD in a report on Monday, July 11 to “Buy” rating. As per Thursday, October 8, the company rating was upgraded by Goldman Sachs. As per Thursday, September 17, the company rating was maintained by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup.
Air Products and Chemicals, Inc., incorporated on May 25, 1961, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Firm operates through seven divisions: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other. The Firm is also a supplier of liquefied natural gas process technology and equipment. The Company’s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. The Firm serves energy, electronics, chemicals, metals and manufacturing clients globally with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services. The Firm makes and distributes products in two principal lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products are atmospheric gases, process gases, and equipment for air separation. Materials Technologies’ primary products are performance materials and chemicals, such as epoxy amine curing agents, polyurethane catalysts, additives, and specialty surfactants, and electronics material, such as specialty gases, chemical mechanical planarization slurries and specialty chemicals. The Firm also creates and makes equipment for natural gas liquefaction and helium distribution and is constructing waste-to-energy facilities for the production of electricity.
More news for Air Products & Chemicals, Inc. (NYSE:APD) were recently published by: Valuewalk.com, which released: “Dividend Aristocrats In Focus Part 9: Air Products & Chemicals, Inc. (APD)” on October 25, 2016. Nasdaq.com‘s article titled: “Air Products And Chemicals Inc. Earnings Climb 11% In Q4” and published on October 27, 2016 is yet another important article.
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By Marie Mckinney