APD stock icon

Air Products & Chemicals

311.89 USD
-1.10
0.35%
Updated Nov 11, 11:59 AM EST
1 day
-0.35%
5 days
2.08%
1 month
-1.51%
3 months
13.86%
6 months
24.63%
Year to date
14.05%
1 year
17.68%
5 years
32.70%
10 years
131.17%
 

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 6,759 funds
0
Analysts bullish %
of 11 analysts

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

Low target
$281
10%
downside
Avg. target
$339
9%
upside
High target
$365
17%
upside

11 analyst ratings

positive
55%
neutral
45%
negative
0%
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

Neutral
PRNewsWire
4 days ago
Air Products Reports Fiscal 2024 Fourth Quarter GAAP EPS of $8.81 and Adjusted EPS of $3.56
Fiscal Year 2024 (comparisons versus prior year): GAAP EPS# of $17.24, up 67 percent; GAAP net income of $3.9 billion, up 65 percent; and GAAP net income margin of 31.9 percent, up 1,330 basis points Adjusted EPS* of $12.43, up eight percent; adjusted EBITDA* of $5.0 billion, up seven percent; and adjusted EBITDA margin* of 41.7 percent, up 440 basis points Q4 FY24 (comparisons versus prior year): GAAP EPS# of $8.81, up 186 percent; GAAP net income of $2.0 billion, up 181 percent; and GAAP net income margin of 61.2 percent, up 3,940 basis points Adjusted EPS* of $3.56, up 13 percent; adjusted EBITDA* of $1.4 billion, up 12 percent; and adjusted EBITDA margin* of 44.1 percent, up 460 basis points Fiscal 2024 and Recent Highlights Creating shareholder value Delivered fiscal fourth quarter adjusted EBITDA margin* of 44.1 percent and fiscal year 2024 adjusted EBITDA margin* of 41.7 percent Increased dividend to $1.77 per share, with approximately $1.6 billion of dividend payments to shareholders in 2024 Core industrial gas business Completed divestiture of non-core liquefied natural gas ("LNG") process technology and equipment business to Honeywell for $1.81 billion in an all-cash transaction Announced plans to construct two new air separation units at the Company's Conyers, Georgia, and Reidsville, North Carolina locations to serve local merchant markets Announced $70 million investment to expand gas separation and purification membranes at the Company's Missouri manufacturing and logistics center, driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry Clean hydrogen / energy transition Signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize TotalEnergies' Northern European refineries and avoid approximately 700,000 tons of CO₂ each year Announced plans to build networks of permanent, commercial-scale, multi-modal hydrogen refueling stations in California, Canada and Europe Announced trial of a Daimler Mercedes-Benz GenH2 truck, aligned with Air Products' goal to convert its distribution fleet to hydrogen powered vehicles Sustainability      Awarded 'A' rating on MSCI's environmental, social and governance ratings Listed among Barron's 100 Most Sustainable Companies for the sixth consecutive year Set additional sustainability goals, including committing to quadruple renewable energy used to make the Company's products by 2030 compared to a 2023 baseline; signed 10-year Power Purchase Agreements for renewable energy with Tatung Forever Energy (Taiwan) and Eneco (The Netherlands) Guidance Fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 first quarter adjusted EPS guidance* of $2.75 to $2.85 Expect fiscal year 2025 capital expenditures* in the range of $4.5 billion to $5.0 billion Air Products completed the divestiture of its LNG business on September 30, 2024; therefore, this business will not contribute to fiscal 2025 results and, accordingly, is not reflected in fiscal 2025 guidance. Refer to page 9 below for additional information.
Air Products Reports Fiscal 2024 Fourth Quarter GAAP EPS of $8.81 and Adjusted EPS of $3.56
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