Dumont Blake Investment Advisors buys $1,009,310 stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Dumont Blake Investment Advisors scooped up 285 additional shares in Air Products & Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 6,810 shares of Air Products & Chemicals which is valued at $1,009,310.Air Products & Chemicals makes up approximately 0.50% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added APD to its portfolio by purchasing 17,961 company shares during the most recent quarter which is valued at $2,662,000. Air Products & Chemicals makes up approx 0.27% of Quantbot Technologies Lp’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in APD by selling 18,615 shares or 27.31% in the most recent quarter. The Hedge Fund company now holds 49,535 shares of APD which is valued at $7,341,582. Air Products & Chemicals makes up approx 0.09% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Smith Salley Associates sold out all of its stake in APD during the most recent quarter. The investment firm sold 9,247 shares of APD which is valued $1,381,687. Wagner Bowman Management Corp sold out all of its stake in APD during the most recent quarter. The investment firm sold 1,400 shares of APD which is valued $208,614.

Air Products & Chemicals closed down -0.45 points or -0.30% at $148.76 with 6,28,744 shares getting traded on Monday. Post opening the session at $149.7, the shares hit an intraday low of $148.35 and an intraday high of $149.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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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