Dumont Blake Investment Advisors buys $966,483 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Dumont Blake Investment Advisors scooped up 375 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 6,525 shares of Air Products & Chemicals which is valued at $966,483.Air Products & Chemicals makes up approximately 0.50% of Dumont Blake Investment Advisors’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 , Jnba Financial Advisors boosted its stake in APD in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 53 shares of Air Products & Chemicals which is valued at $7,850.Dividend Asset Capital boosted its stake in APD in the latest quarter, The investment management firm added 315 additional shares and now holds a total of 2,376 shares of Air Products & Chemicals which is valued at $351,933. Air Products & Chemicals makes up approx 0.01% of Dividend Asset Capital’s portfolio.New York State Teachers Retirement System boosted its stake in APD in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 337,808 shares of Air Products & Chemicals which is valued at $50,036,121. Air Products & Chemicals makes up approx 0.13% of New York State Teachers Retirement System’s portfolio.Santa Fe Partners reduced its stake in APD by selling 18,464 shares or 63.52% in the most recent quarter. The Hedge Fund company now holds 10,606 shares of APD which is valued at $1,538,188. Air Products & Chemicals makes up approx 0.25% of Santa Fe Partners’s portfolio.Capital Impact Advisors boosted its stake in APD in the latest quarter, The investment management firm added 4,175 additional shares and now holds a total of 8,542 shares of Air Products & Chemicals which is valued at $1,238,846. Air Products & Chemicals makes up approx 0.59% of Capital Impact Advisors’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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