LVM Capital Management Ltd. MI Has $328,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

LVM Capital Management Ltd. MI grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,132 shares of the basic materials company’s stock after buying an additional 60 shares during the period. LVM Capital Management Ltd. MI’s holdings in Air Products and Chemicals were worth $328,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. ORG Wealth Partners LLC grew its holdings in Air Products and Chemicals by 28.5% in the fourth quarter. ORG Wealth Partners LLC now owns 451 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Air Products and Chemicals by 59.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock valued at $111,488,000 after buying an additional 139,223 shares in the last quarter. Baker Tilly Wealth Management LLC raised its stake in Air Products and Chemicals by 7.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,317 shares of the basic materials company’s stock worth $672,000 after buying an additional 156 shares during the period. Fortitude Family Office LLC boosted its holdings in Air Products and Chemicals by 58.8% in the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its stake in Air Products and Chemicals by 10.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 239,987 shares of the basic materials company’s stock valued at $69,606,000 after acquiring an additional 22,610 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD traded up $6.72 during trading hours on Friday, hitting $291.97. The stock had a trading volume of 872,221 shares, compared to its average volume of 1,179,217. The firm has a market capitalization of $64.93 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a 50 day simple moving average of $309.73 and a two-hundred day simple moving average of $292.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. Air Products and Chemicals’s payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APD. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 18th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Citigroup increased their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Mizuho lifted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $331.53.

About Air Products and Chemicals

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.