Air Products & ChemicalsAPD
Market Cap: 58B
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
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
11% more repeat investments, than reductions
Existing positions increased: 651 | Existing positions reduced: 586
4% less call options, than puts
Call options by funds: $375M | Put options by funds: $389M
2.56% less ownership
Funds ownership: 83.97% [Q4 2023] → 81.42% (-2.56%) [Q1 2024]
4% less funds holding
Funds holding: 1,665 [Q4 2023] → 1,594 (-71) [Q1 2024]
14% less capital invested
Capital invested by funds: $51B [Q4 2023] → $43.9B (-$7.18B) [Q1 2024]
16% less funds holding in top 10
Funds holding in top 10: 25 [Q4 2023] → 21 (-4) [Q1 2024]
32% less first-time investments, than exits
New positions opened: 154 | Existing positions closed: 225
Research analyst outlook
25 Wall Street Analysts provided 1 year price forecasts over the past 6 months
25 analyst ratings
Deutsche Bank David Begleiter | 7%upside $280 | Hold Downgraded | 22 Jul 2024 |
Citigroup Patrick Cunningham | 17%upside $305 | Buy Maintained | 12 Jul 2024 |
BMO Capital John McNulty | 15%upside $300 | Outperform Maintained | 11 Jul 2024 |
UBS Joshua Spector | 3%upside $268 | Neutral Maintained | 9 Jul 2024 |
Deutsche Bank David Begleiter | 19%upside $310 | Buy Maintained | 10 Jun 2024 |
Financial journalist opinion
Based on 36 articles about APD published over the past 30 days