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 $12.6 billion in revenue in fiscal 2023.
Employees: 23,000
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $709M | Put options by funds: $502M
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: $52.8B [Q2] → $59.5B (+$6.67B) [Q3]
11% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 114
0% less funds holding
Funds holding: 1,648 [Q2] → 1,640 (-8) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 606 | Existing positions reduced: 628
2.06% less ownership
Funds ownership: 92.03% [Q2] → 89.97% (-2.06%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$315
1%
downside
Avg. target
$347
9%
upside
High target
$375
18%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Wells Fargo Michael Sison 10% 1-year accuracy 4 / 40 met price target | 10%upside $350 | Overweight Upgraded | 14 Jan 2025 |
UBS Joshua Spector 59% 1-year accuracy 19 / 32 met price target | 18%upside $375 | Buy Upgraded | 18 Nov 2024 |
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target | 10%upside $350 | Outperform Maintained | 14 Nov 2024 |
Citigroup Patrick Cunningham 41% 1-year accuracy 13 / 32 met price target | 15%upside $365 | Buy Maintained | 11 Nov 2024 |
Barclays Duffy Fischer 69% 1-year accuracy 9 / 13 met price target | 1%downside $315 | Equal-Weight Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 26 articles about APD published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Neutral
PRNewsWire
3 days ago
Air Products Urges Shareholders to Protect the Company's Stability and Path to Value Creation by Voting "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card
The Board Expects the Following: After the Announcement of a New President No Later Than March 31st, the CEO Transition Will Be Completed Within Three Months of Joining the Company. Additionally, the Roles of Chair and CEO Will Be Separated, a New Independent Chair Appointed, and Mr.
Neutral
PRNewsWire
4 days ago
MAKE YOUR VOICE HEARD: MANTLE RIDGE SENDS OPEN LETTER ASKING AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS TO VOTE AT ANNUAL MEETING
Change is In the Air: Mantle Ridge's Four Shareholder Nominees Will Help the Board Usher in a Brighter Future All of the Leading Independent Proxy Advisory Firms – ISS, Glass Lewis, and Egan-Jones – Recommend Replacing CEO Seifi Ghasemi and Other Board Members with Mantle Ridge Nominees Air Products' January 23, 2025 Annual Meeting is Fast Approaching: Vote Your Shares As Soon As Possible Online at the Voting Website Listed on Your BLUE Proxy Card or Voting Instruction Form Mantle Ridge Urges Shareholders to Vote Online "FOR" All Four of its Superbly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – and "WITHHOLD" On Company Nominees Charles Cogut, Lisa A. Davis, Seifollah "Seifi" Ghasemi, and Edward L.
Neutral
Zacks Investment Research
4 days ago
Air Products Issues Preliminary Earnings for First-Quarter Fiscal 2025
Preliminary adjusted EPS exceeds the upper end of APD's previous fiscal first-quarter guidance.
Positive
Zacks Investment Research
5 days ago
Will Air Products and Chemicals (APD) Beat Estimates Again in Its Next Earnings Report?
Air Products and Chemicals (APD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
PRNewsWire
6 days ago
Air Products Announces Preliminary Q1FY25 GAAP EPS of $2.77 and Adjusted EPS of $2.86, Exceeding Company's Previous Adjusted EPS Guidance for the Quarter
Company to Release Full Q1FY25 Results and Host Teleconference on February 6, 2025 LEHIGH VALLEY, Pa. , Jan. 14, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today announced preliminary fiscal 2025 first quarter GAAP earnings per share# ("EPS") of $2.77 and preliminary fiscal 2025 first quarter adjusted EPS* of $2.86.
Neutral
PRNewsWire
6 days ago
LEADING PROXY ADVISORY FIRM EGAN-JONES RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY
Egan-Jones Finds "Many Compelling Reasons to Support Mantle Ridge's Case for Change" and States that "Voting for the Mantle Ridge Nominees is in the Best Interest of the Company and its Shareholders" Asserts "Mismanagement and the Absence of Effective Leadership" Have "Significantly Eroded Shareholder Value" and that "Mr. Seifi Ghasemi is Not the Right Leader to Unlock the Full Potential of Air Products" Calls Out "Absence of a Clear CEO Succession Plan" Finds "Entrenched and Unqualified CEO" Seifi Ghasemi "Seeks to Maintain Control for as Long as Possible"; Finds "Prioritizing his Self-Serving Agenda over the Shareholders' Best Interests" a "Breach of Mr.
Neutral
PRNewsWire
1 week ago
Air Products Sends Letter to Shareholders Highlighting Reasons to Support Its Board Nominees
Strongly Disagrees with ISS' Opinion Published Today Urges Shareholders to Vote "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card LEHIGH VALLEY, Pa. , Jan. 13, 2025 /PRNewswire/ -- Air Products' (NYSE: APD) Board of Directors today sent 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
1 week ago
LEADING PROXY ADVISORY FIRM ISS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, AND DENNIS REILLEY
Institutional Shareholder Services "ISS" Finds Incumbent Board Has Failed to "Properly Oversee" a "Credible Succession Plan" and States that Reconstitution of the Board with a "New Chairman" Would "Allow Fresh Board Assessment of Board Leadership and the Careful Deliberation on Optimal Timing for a CEO Transition" ISS Recommends Shareholders Vote "WITHHOLD" Against Seifi Ghasemi, Charles Cogut and Edward L. Monser – Company Nominees Opposed by Mantle Ridge – Further Reinforcing the Need for Change ISS Finds Company's Framing of Mr.
Positive
Zacks Investment Research
1 week ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Air Products and Chemicals (APD) have what it takes?
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