Air Prods & Chems (APD) Stock Rose While Baxter Bros Has Cut Its Position; Schnieders Capital Management Increases Position in Bank New York Mellon (BK)

December 8, 2017 - By Adrian Mccoy

Baxter Bros Inc decreased its stake in Air Prods & Chems (APD) by 22.11% based on its latest 2017Q2 regulatory filing with the SEC. Baxter Bros Inc sold 3,760 shares as the company’s stock rose 1.13% with the market. The institutional investor held 13,243 shares of the basic industries company at the end of 2017Q2, valued at $1.90 million, down from 17,003 at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Air Prods & Chems for a number of months, seems to be less bullish one the $35.19B market cap company. The stock increased 0.35% or $0.56 during the last trading session, reaching $160.98. About 1.09 million shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 9.23% since December 8, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.

Schnieders Capital Management Llc increased its stake in Bank New York Mellon Corp (BK) by 62.41% based on its latest 2017Q2 regulatory filing with the SEC. Schnieders Capital Management Llc bought 8,750 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 22,770 shares of the major banks company at the end of 2017Q2, valued at $1.16M, up from 14,020 at the end of the previous reported quarter. Schnieders Capital Management Llc who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $55.52B market cap company. The stock increased 0.37% or $0.2 during the last trading session, reaching $54.22. About 4.36M shares traded or 6.36% up from the average. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since December 8, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Among 19 analysts covering Air Products & Chemicals (NYSE:APD), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Air Products & Chemicals has $192.0 highest and $16 lowest target. $164.11’s average target is 1.94% above currents $160.98 stock price. Air Products & Chemicals had 46 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, October 27. The company was downgraded on Monday, April 4 by Deutsche Bank. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Overweight” rating by KeyBanc Capital Markets on Monday, January 11. The rating was maintained by KeyBanc Capital Markets on Thursday, October 26 with “Buy”. The firm earned “Equal Weight” rating on Monday, May 2 by Barclays Capital. Citigroup maintained the shares of APD in report on Friday, July 15 with “Neutral” rating. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Hold” rating by Vertical Research on Monday, August 7. Citigroup maintained it with “Neutral” rating and $156 target in Friday, July 29 report. The company was maintained on Friday, October 27 by Citigroup. The rating was reinitiated by Bank of America on Friday, January 22 with “Neutral”.

Investors sentiment increased to 1.17 in 2017 Q2. Its up 0.05, from 1.12 in 2017Q1. It is positive, as 48 investors sold APD shares while 242 reduced holdings. 84 funds opened positions while 256 raised stakes. 185.76 million shares or 1.62% less from 188.82 million shares in 2017Q1 were reported. Osborne Partners Cap Management Limited Liability owns 0.08% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 3,845 shares. Cullinan has 5,700 shares. Moreover, Franklin Res Inc has 0.34% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 4.82 million shares. The Illinois-based Geneva Limited Liability has invested 0.01% in Air Products and Chemicals, Inc. (NYSE:APD). Fort Washington Inv Incorporated Oh holds 0.06% or 26,516 shares in its portfolio. Omers Administration invested in 9,783 shares or 0.02% of the stock. 7,719 are held by Airain. Aqr Management Limited Liability, Connecticut-based fund reported 101,619 shares. Pub Employees Retirement Association Of Colorado owns 37,928 shares for 0.04% of their portfolio. Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma accumulated 97,548 shares. The Florida-based Raymond James Assoc has invested 0.22% in Air Products and Chemicals, Inc. (NYSE:APD). Northwest Inv Counselors Ltd holds 0% or 30 shares. Verition Fund Management Limited Liability holds 0.14% or 10,000 shares in its portfolio. 28,000 are owned by Pillar Pacific Capital Mgmt Limited Liability. Marble Harbor Inv Counsel Ltd Liability has 1.23% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 38,629 shares.

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on January, 26. They expect $1.65 earnings per share, up 12.24% or $0.18 from last year’s $1.47 per share. APD’s profit will be $360.72 million for 24.39 P/E if the $1.65 EPS becomes a reality. After $1.76 actual earnings per share reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

More notable recent Air Products and Chemicals, Inc. (NYSE:APD) news were published by: Seekingalpha.com which released: “Trump stirs up US-China trade” on November 09, 2017, also Gurufocus.com with their article: “Air Products & Chemicals Inc (APD) Files 10-K for the Fiscal Year Ended on …” published on November 16, 2017, Investorplace.com published: “Anemic Industry Group Rank Restrict Air Products & Chemicals (APD) Rating” on November 11, 2017. More interesting news about Air Products and Chemicals, Inc. (NYSE:APD) were released by: Reuters.com and their article: “Ackman sells Air Products, Nomad Foods positions, makes strong profit” published on November 16, 2017 as well as Nasdaq.com‘s news article titled: “Zacks Industry Outlook Highlights: Eastman Chemical, Celanese and Air Products …” with publication date: November 09, 2017.

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Prnewswire.com which released: “BNY Mellon Investment Management Launches Multi-Asset Fund” on November 30, 2017, also Prnewswire.com with their article: “BNY Mellon Makes Forty-Year Leap into the Future of Payments” published on November 14, 2017, Prnewswire.com published: “BNY Mellon Announces Organizational Changes” on November 13, 2017. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Law360.com and their article: “Investors Blast BNY Mellon Bid To Sever Claims In RMBS Suit” published on December 07, 2017 as well as Law360.com‘s news article titled: “BNY Mellon Says Royal Park’s Proposed Class Still Lacking” with publication date: December 05, 2017.

Among 22 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. The Bank Of New York Mellon Corporation had 63 analyst reports since July 22, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Friday, January 8 report. Deutsche Bank maintained the shares of BK in report on Tuesday, January 26 with “Buy” rating. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) on Wednesday, October 21 with “Buy” rating. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) on Monday, July 18 with “Buy” rating. The firm earned “Mkt Perform” rating on Friday, January 20 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Monday, July 10 by Jefferies. The firm has “Strong Buy” rating given on Wednesday, December 28 by Raymond James. RBC Capital Markets maintained it with “Hold” rating and $58.0 target in Friday, October 6 report. Bank of America upgraded The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, September 17 to “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $46 target in Thursday, March 17 report.

Investors sentiment increased to 0.89 in Q2 2017. Its up 0.07, from 0.82 in 2017Q1. It increased, as 50 investors sold BK shares while 311 reduced holdings. 80 funds opened positions while 240 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. Rmb Management Limited Liability Corporation invested in 1,000 shares. Baldwin Brothers Ma has invested 0.05% in The Bank of New York Mellon Corporation (NYSE:BK). Eaton Vance accumulated 530,292 shares or 0.07% of the stock. State Board Of Administration Of Florida Retirement System holds 1.53M shares. Tt has invested 1.96% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). California Employees Retirement Systems, a California-based fund reported 2.80 million shares. 914,900 are owned by Chevy Chase Trust. 66,661 are held by Kentucky Retirement Systems. Texan Mngmt accumulated 6,080 shares or 0.21% of the stock. First Citizens Natl Bank Trust has 0.6% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 91,992 shares. Central Bancshares And Tru Company holds 0% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 158 shares. Dodge & Cox has invested 1.91% in The Bank of New York Mellon Corporation (NYSE:BK). Glg Llc owns 53,355 shares. Salem Invest Counselors has 120 shares for 0% of their portfolio. Cibc Asset Management invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK).

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