Mastrapasqua Asset Management Has Decreased 3M Co (MMM) Stake; Air Products & Chemicals (APD) Has 1.23 Sentiment

May 23, 2018 - By Nellie Frank

Air Products and Chemicals, Inc. (NYSE:APD) Logo

Mastrapasqua Asset Management Inc decreased 3M Co (MMM) stake by 3.59% reported in 2017Q4 SEC filing. Mastrapasqua Asset Management Inc sold 1,293 shares as 3M Co (MMM)’s stock declined 8.03%. The Mastrapasqua Asset Management Inc holds 34,715 shares with $8.17 million value, down from 36,008 last quarter. 3M Co now has $117.07 billion valuation. The stock decreased 0.89% or $1.775 during the last trading session, reaching $197.195. About 1.34M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 23, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Air Products & Chemicals Inc (APD) investors sentiment decreased to 1.23 in Q4 2017. It’s down -0.08, from 1.31 in 2017Q3. The ratio fall, as 361 investment managers started new and increased holdings, while 293 sold and decreased positions in Air Products & Chemicals Inc. The investment managers in our database reported: 186.75 million shares, down from 186.79 million shares in 2017Q3. Also, the number of investment managers holding Air Products & Chemicals Inc in top ten holdings increased from 13 to 14 for an increase of 1. Sold All: 35 Reduced: 258 Increased: 266 New Position: 95.

More recent Air Products and Chemicals, Inc. (NYSE:APD) news were published by: Businesswire.com which released: “Versum Materials Joins More Than 400 CEOs in Commitment to Advance Diversity and Inclusion in the Workplace” on May 21, 2018. Also Tucson.com published the news titled: “Versum Materials to Present at Barclays Electronic Chemicals Conference” on May 09, 2018. Tucson.com‘s news article titled: “Versum Materials Declares 20% Dividend Increase” with publication date: May 02, 2018 was also an interesting one.

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on August, 7. They expect $1.85 EPS, up 12.12% or $0.20 from last year’s $1.65 per share. APD’s profit will be $405.51 million for 22.44 P/E if the $1.85 EPS becomes a reality. After $1.71 actual EPS reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts 8.19% EPS growth.

The stock decreased 1.00% or $1.68 during the last trading session, reaching $166.03. About 438,265 shares traded. Air Products and Chemicals, Inc. (APD) has risen 16.71% since May 23, 2017 and is uptrending. It has outperformed by 5.16% the S&P500.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company has market cap of $36.39 billion. The firm produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for clients in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing. It has a 12.8 P/E ratio. It also creates and makes equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.

Freshford Capital Management Llc holds 8.93% of its portfolio in Air Products and Chemicals, Inc. for 295,073 shares. Talara Capital Management Llc owns 82,383 shares or 7.17% of their US portfolio. Moreover, Banbury Partners Llc has 6.8% invested in the company for 168,724 shares. The New York-based Glenhill Advisors Llc has invested 5.87% in the stock. Tide Point Capital Management Lp, a Connecticut-based fund reported 436,030 shares.

Since January 31, 2018, it had 0 insider buys, and 16 insider sales for $30.99 million activity. Gangestad Nicholas C had sold 1,681 shares worth $419,846 on Thursday, February 1. THULIN INGE G had sold 5,438 shares worth $1.37M on Wednesday, January 31. Another trade for 3,133 shares valued at $742,051 was made by Little Frank R Jr. on Friday, February 23. 225 3M Company (NYSE:MMM) shares with value of $56,178 were sold by Vrohidis Ippocratis. Bauman James L had sold 8,834 shares worth $2.19 million. Another trade for 13,480 shares valued at $3.33M was sold by Keel Paul A. 7,473 shares were sold by Shin Hak Cheol, worth $1.86M.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, May 29 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Underweight” rating on Wednesday, July 26 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, July 26 by Citigroup. Barclays Capital maintained 3M Company (NYSE:MMM) on Monday, October 5 with “Equal-Weight” rating. The firm has “Buy” rating given on Thursday, December 14 by Jefferies. The firm has “Neutral” rating given on Thursday, April 26 by UBS. Deutsche Bank upgraded 3M Company (NYSE:MMM) on Tuesday, February 13 to “Buy” rating. The firm has “Underweight” rating given on Monday, March 26 by Barclays Capital. As per Wednesday, December 13, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, September 26 by Jefferies.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 18.74 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

3M Company (NYSE:MMM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>