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

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

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the third quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Fortitude Family Office LLC lifted its holdings in Air Products and Chemicals by 58.8% during the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APD shares. Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. 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. Finally, UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Trading Up 2.4 %

Shares of Air Products and Chemicals stock traded up $6.72 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 stock has a 50 day moving average of $309.73 and a 200 day moving average of $292.23. The firm has a market capitalization of $64.93 billion, a P/E ratio of 16.99, a PEG ratio of 3.13 and a beta of 0.84. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be paid 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 dividend payout ratio is 41.21%.

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.