Valley National Advisers Inc buys $567,596 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Valley National Advisers Inc scooped up 241 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 3,832 shares of Air Products & Chemicals which is valued at $567,596.Air Products & Chemicals makes up approximately 0.30% of Valley National Advisers Inc’s portfolio.

Air Products & Chemicals opened for trading at $147.59 and hit $148.785 on the upside on Wednesday, eventually ending the session at $148.31, with a gain of 0.56% or 0.82 points. The heightened volatility saw the trading volume jump to 13,73,623 shares. Company has a market cap of $31,983 M.

Other Hedge Funds, Including , Dumont Blake Investment Advisors boosted its stake in APD in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 6,525 shares of Air Products & Chemicals which is valued at $966,483. Air Products & Chemicals makes up approx 0.50% of Dumont Blake Investment Advisors’s portfolio. Rosenbaum Jay D. added APD to its portfolio by purchasing 1,430 company shares during the most recent quarter which is valued at $211,812. Air Products & Chemicals makes up approx 0.04% of Rosenbaum Jay D.’s portfolio.Creative Planning boosted its stake in APD in the latest quarter, The investment management firm added 1,816 additional shares and now holds a total of 7,568 shares of Air Products & Chemicals which is valued at $1,084,948. Air Products & Chemicals makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, Air Products & Chemicals reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $1.71. The company had revenue of $2355.80 million for the quarter, compared to analysts expectations of $2435.00 million. The company’s revenue was down -8.0 % 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. Company shares were Downgraded by Deutsche Bank on Apr 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 152 from a previous price target of $150 .Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 161 from a previous price target of $145 .Shares were Reiterated by Deutsche Bank on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $160 .

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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