Eaton Vance Management Has $27.91 Million Holdings in Air Products & Chemicals, Inc. (APD)

Eaton Vance Management boosted its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,376 shares of the basic materials company’s stock after purchasing an additional 410 shares during the period. Eaton Vance Management’s holdings in Air Products & Chemicals were worth $27,909,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in APD. Transamerica Financial Advisors Inc. increased its stake in Air Products & Chemicals by 617.6% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 210 shares during the period. Legacy Financial Advisors Inc. grew its position in shares of Air Products & Chemicals by 109.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock worth $41,000 after buying an additional 133 shares during the last quarter. Rational Advisors LLC grew its position in shares of Air Products & Chemicals by 1,885.7% in the 4th quarter. Rational Advisors LLC now owns 278 shares of the basic materials company’s stock worth $44,000 after buying an additional 264 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in shares of Air Products & Chemicals in the 3rd quarter worth approximately $74,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Air Products & Chemicals in the 4th quarter worth approximately $80,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

NYSE APD opened at $178.67 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $178.82. The company has a market cap of $39.02 billion, a P/E ratio of 23.62, a PEG ratio of 1.67 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts predict that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 2.60%. Air Products & Chemicals’s payout ratio is currently 59.06%.

A number of equities research analysts have recently weighed in on APD shares. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective on the stock. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Tuesday, November 13th. BMO Capital Markets set a $200.00 price objective on Air Products & Chemicals and gave the stock a “buy” rating in a research report on Thursday, November 8th. ValuEngine upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Citigroup cut their price objective on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $188.33.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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