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
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: $44.9B [Q1] → $50.1B (+$5.27B) [Q2]
4.13% more ownership
Funds ownership: 83.3% [Q1] → 87.43% (+4.13%) [Q2]
1% more funds holding
Funds holding: 1,622 [Q1] → 1,640 (+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: 633 | Existing positions reduced: 615
5% less funds holding in top 10
Funds holding in top 10: 21 [Q1] → 20 (-1) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
JP Morgan Jeffrey Zekauskas 62% 1-year accuracy 13 / 21 met price target | 6%upside $350 | Overweight Maintained | 18 Oct 2024 |
UBS Joshua Spector 62% 1-year accuracy 23 / 37 met price target | 5%upside $345 | Neutral Maintained | 15 Oct 2024 |
Wells Fargo Michael Sison 63% 1-year accuracy 15 / 24 met price target | 0%upside $330 | Equal-Weight Maintained | 11 Oct 2024 |
Mizuho Christopher Parkinson 100% 1-year accuracy 5 / 5 met price target | 9%upside $360 | Outperform Maintained | 9 Oct 2024 |
Citigroup Patrick Cunningham 85% 1-year accuracy 22 / 26 met price target | 5%upside $345 | Buy Maintained | 7 Oct 2024 |
Financial journalist opinion
Based on 24 articles about APD published over the past 30 days
