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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13% more first-time investments, than exits
New positions opened: 154 | Existing positions closed: 136
12% more capital invested
Capital invested by funds: $45.8B [Q1] → $51.1B (+$5.3B) [Q2]
4.05% more ownership
Funds ownership: 85.03% [Q1] → 89.08% (+4.05%) [Q2]
1% more funds holding
Funds holding: 1,625 [Q1] → 1,643 (+18) [Q2]
8% more call options, than puts
Call options by funds: $378M | Put options by funds: $349M
3% more repeat investments, than reductions
Existing positions increased: 636 | Existing positions reduced: 615
5% less funds holding in top 10
Funds holding in top 10: 21 [Q1] → 20 (-1) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Barclays Duffy Fischer 46% 1-year accuracy 6 / 13 met price target | 1%upside $315 | Equal-Weight Maintained | 8 Nov 2024 |
JP Morgan Jeffrey Zekauskas 58% 1-year accuracy 23 / 40 met price target | 11%upside $345 | Overweight Maintained | 8 Nov 2024 |
Redburn Atlantic Colin Isaac 50% 1-year accuracy 1 / 2 met price target | 6%upside $330 | Neutral Upgraded | 25 Oct 2024 |
JP Morgan Jeffrey Zekauskas 58% 1-year accuracy 23 / 40 met price target | 12%upside $350 | Overweight Maintained | 18 Oct 2024 |
UBS Joshua Spector 51% 1-year accuracy 20 / 39 met price target | 11%upside $345 | Neutral Maintained | 15 Oct 2024 |
Financial journalist opinion
Based on 16 articles about APD published over the past 30 days