Air Products & Chemicals
About: Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.1 billion in revenue in fiscal 2024.
Employees: 23,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more call options, than puts
Call options by funds: $704M | Put options by funds: $494M
40% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 28 (+8) [Q3]
13% more capital invested
Capital invested by funds: $51.1B [Q2] → $57.7B (+$6.54B) [Q3]
0% less funds holding
Funds holding: 1,647 [Q2] → 1,640 (-7) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 606 | Existing positions reduced: 627
5% less first-time investments, than exits
New positions opened: 127 | Existing positions closed: 134
1.86% less ownership
Funds ownership: 89.11% [Q2] → 87.25% (-1.86%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$315
7%
upside
Avg. target
$350
19%
upside
High target
$375
27%
upside
10 analyst ratings
7 positive
70%
3 neutral
30%
0 negative
0%
UBS Joshua Spector 39% 1-year accuracy 15 / 38 met price target | 27%upside $375 | Buy Upgraded | 18 Nov 2024 |
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target | 19%upside $350 | Outperform Maintained | 14 Nov 2024 |
Citigroup Patrick Cunningham 50% 1-year accuracy 16 / 32 met price target | 24%upside $365 | Buy Maintained | 11 Nov 2024 |
Barclays Duffy Fischer 67% 1-year accuracy 8 / 12 met price target | 7%upside $315 | Equal-Weight Maintained | 8 Nov 2024 |
JP Morgan Jeffrey Zekauskas 37% 1-year accuracy 16 / 43 met price target | 17%upside $345 | Overweight Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 16 articles about APD published over the past 30 days
Neutral
PRNewsWire
2 days ago
Air Products Files Investor Presentation Highlighting Successful Two-Pillar Strategy to Deliver Superior Shareholder Value
The Company's Board and Management, Under Chairman and CEO Seifi Ghasemi's Leadership, Have Delivered Over $44 Billion in Shareholder Value Creation 1 Continues to Successfully Execute Two-Pillar Growth Strategy to Grow Core Industrial Gas Business While Capitalizing on First-Mover Advantage in Clean Hydrogen Market Air Products' Board is Refreshed, Independent and Fit-For-Purpose – Mantle Ridge's Proposed Nominees Would Remove Significant and Relevant Experience and Expertise Mantle Ridge's Proposed Executive Chairman Candidate Appears Alarmingly Unfit to Lead Air Products or any Public Company; Preferred CEO Candidate is Insufficiently Qualified Board Mails Letter Urging Shareholders to Vote "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card LEHIGH VALLEY, Pa. , Dec. 18, 2024 /PRNewswire/ -- Air Products (NYSE: APD) Board of Directors today announced that it has posted an investor presentation and mailed a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m.
Neutral
PRNewsWire
4 days ago
Mantle Ridge Releases Investor Presentation Highlighting Need for Change at Air Products and Chemicals, Inc.
Details Years of Operational Underperformance, Capital Allocation Missteps, Poor Project Execution, and Succession Planning Failures Explains How Air Products' Decade of Board-Led "Refreshment" Only Deepened Entrenchment and Further Eroded Governance Safeguards; Current Search for New Subordinate to Seifi Ghasemi is Perpetuation of Status Quo Explains How Air Products Can Achieve Long-Term Potential Through Shareholder-Led Board Reconstitution and Bona Fide CEO Succession Plan Offers Compelling Leadership "Dream Team" of Industrial Gas Experts Dennis Reilley and Eduardo Menezes Mantle Ridge Believes That Under Better Stewardship and Leadership, Air Products Would Today be Worth over $425 Per Share, with a Long Runway of Double-Digit Annual Compounding into the Future Mantle Ridge's Four Highly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – Bring Ideal Mix of Industrial Gas, Capital-Intensive Heavy Industry, Capital Allocation and Energy Transition Industry Expertise as well as Public Company Board Leadership Experience to Fill Critical Needs on Air Products' Board Urges Shareholders to Vote the BLUE Proxy Card "FOR" Mantle Ridge's Four Highly Qualified Director Nominees and "WITHHOLD" on the Company Nominees Charles Cogut, Lisa A. Davis, Seifollah "Seifi" Ghasemi and Edward L.
Positive
Seeking Alpha
5 days ago
Air Products and Chemicals: Why This Dividend Aristocrat And Hydrogen Leader Is A Buy
Air Products and Chemicals excels in the industrial gases sector, with strong growth prospects in the hydrogen economy, making it a compelling growth pick. APD's robust balance sheet, strategic focus, and recent results highlight operational excellence, margin expansion, and partnerships in green hydrogen. Despite a forward PE of 24.2, APD offers a robust growth and income profile with a 2.3% yield and 41 consecutive years of dividend raises.
Positive
Seeking Alpha
1 week ago
Best Way To Invest $100,000: Build An 8-Stock Portfolio For Growth And Value
Concentrate on a select few high-conviction stocks across different sectors to avoid "diworsification" and maximize returns, inspired by Charlie Munger and Warren Buffett. Utilize Joel Greenblatt's "Magic Formula" and James O'Shaughnessy's methodologies to screen stocks based on earnings yield and return on total capital. Exclude overly regulated sectors like Utilities, Financials, and REITs to focus on sectors with higher growth potential and less regulatory constraints.
Neutral
PRNewsWire
1 week ago
Air Products Board of Directors Issues Letter to Shareholders Highlighting Company's Success and Addressing Mantle Ridge's Inaccurate Statements, Short-Sighted Campaign, and History of Value Destruction
Urges Shareholders to Vote "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card LEHIGH VALLEY, Pa. , Dec. 13, 2024 /PRNewswire/ -- Air Products (NYSE:APD) Board of Directors today issued a letter to shareholders containing important information for shareholders to consider in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m.
Positive
Seeking Alpha
1 week ago
2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables
Calvert Research and Management ranked the 1,000 largest publicly traded companies by ESG performance, identifying the top 100 sustainable companies for 2024. Among 78 dividend paying sustainable companies, 8 met the Dogcatcher ideal, with annual dividends from a $1K investment exceeding their single share prices. Analysts estimate net gains of 15.68% to 48.08% for the top ten ESG companies by December 2025.
Neutral
PRNewsWire
1 week ago
Mantle Ridge Files Definitive Proxy Statement and Sends Letter to Air Products and Chemicals Inc. Shareholders Highlighting Material Underperformance, Misguided Capital Allocation Strategy, and Succession Failures
Nominates Four Highly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – to Air Products' Board of Directors Mantle Ridge Believes CEO Seifi Ghasemi's Insistence on Pursuing Large-Scale, Speculative Non-Core Investments Has Unduly Increased Risk to Air Products' Shareholders and Destroyed Shareholder Value Incumbent Directors Who Failed to Rein in Mr. Ghasemi Should Not be Entrusted to Select Air Products' Next Generation of Board and Management Leadership Mantle Ridge Has Identified Four Deeply Experienced and Qualified Nominees Who Bring the Relevant Industry Expertise and Public Company Board Experience to Restore Performance, Fix Capital Allocation Missteps, and Ensure Long-Term Leadership at Air Products Urges Shareholders to Vote the BLUE Proxy Card "FOR" Mantle Ridge's Four Highly Qualified Director Nominees and "WITHHOLD" on the Company Nominees Charles Cogut, Lisa A.
Positive
Seeking Alpha
1 week ago
Buy 1 December Aristocrat Of 67 From 38 With 'Safer' Dividends
"Dividend Aristocrats
Neutral
PRNewsWire
2 weeks ago
MANTLE RIDGE ISSUES STATEMENT
NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Mantle Ridge LP ("Mantle Ridge"), which together with its affiliates beneficially owns more than $1 billion of Air Products and Chemicals Inc. (NYSE: APD) ("Air Products" or the "Company") shares, today issued the following statement: It was reported in the press today that: "Air Products and Chemicals, Inc. experienced a 2.3% drop in its stock price in pre-open trading on Thursday. This decline came as a result of activist hedge fund Mantle Ridge LP withdrawing its earlier push for a board overhaul at the industrial gas company.
Neutral
Zacks Investment Research
2 weeks ago
Here's Why You Should Hold Onto Air Products Stock for Now
While the softness in China is a concern, APD gains on its investments in high-return industrial gas projects and productivity measures.
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