Air Products & Chemicals (APD) : United Bank Va scooped up 692 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 17,700 shares of Air Products & Chemicals which is valued at $2,637,477.Air Products & Chemicals makes up approximately 2.48% of United Bank Va’s portfolio.
Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in APD by selling 134 shares or 8.31% in the most recent quarter. The Hedge Fund company now holds 1,479 shares of APD which is valued at $219,824. Air Products & Chemicals makes up approx 0.04% of Kanaly Trust Co’s portfolio.Jag Capital Management boosted its stake in APD in the latest quarter, The investment management firm added 882 additional shares and now holds a total of 8,544 shares of Air Products & Chemicals which is valued at $1,269,895. Air Products & Chemicals makes up approx 0.24% of Jag Capital Management’s portfolio.Culbertson A N Co Inc reduced its stake in APD by selling 420 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 26,587 shares of APD which is valued at $3,932,749. Air Products & Chemicals makes up approx 1.42% of Culbertson A N Co Inc’s portfolio.
Air Products & Chemicals opened for trading at $148.81 and hit $150.75 on the upside on Friday, eventually ending the session at $149.42, with a gain of 0.29% or 0.43 points. The heightened volatility saw the trading volume jump to 14,99,568 shares. Company has a market cap of $32,287 M.
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.
Investors should note that on Jul 21, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Nov 14, 2016.
Many Wall Street Analysts have commented on Air Products & Chemicals. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 162 from a previous price target of $147 .
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 GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; 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.