Air Products and Chemicals, Inc. (NYSE:APD) is Eos Management L.P.’s 6th Largest Position

Eos Management L.P. grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,558 shares of the basic materials company’s stock after purchasing an additional 5,727 shares during the period. Air Products and Chemicals makes up about 3.3% of Eos Management L.P.’s investment portfolio, making the stock its 6th largest position. Eos Management L.P.’s holdings in Air Products and Chemicals were worth $7,545,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Rakuten Securities Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter valued at $33,000. Legacy Bridge LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at $35,000. Finally, Cetera Trust Company N.A acquired a new position in Air Products and Chemicals during the 4th quarter worth $35,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

APD stock traded up $0.98 on Friday, reaching $236.06. The company’s stock had a trading volume of 1,251,303 shares, compared to its average volume of 1,717,695. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The company has a market capitalization of $52.48 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81. The firm has a fifty day moving average of $237.14 and a two-hundred day moving average of $255.82.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $2.64 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on APD shares. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets lowered their price target on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price target on the stock in a research report on Thursday, February 15th. Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company downgraded shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.