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 6,815 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]
12% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 113
0% less funds holding
Funds holding: 1,648 [Q2] → 1,641 (-7) [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
4%
upside
Avg. target
$347
15%
upside
High target
$375
24%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Wells Fargo Michael Sison 3% 1-year accuracy 1 / 40 met price target | 16%upside $350 | Overweight Upgraded | 14 Jan 2025 |
UBS Joshua Spector 36% 1-year accuracy 12 / 33 met price target | 24%upside $375 | Buy Upgraded | 18 Nov 2024 |
BMO Capital John McNulty 33% 1-year accuracy 16 / 48 met price target | 16%upside $350 | Outperform Maintained | 14 Nov 2024 |
Citigroup Patrick Cunningham 25% 1-year accuracy 8 / 32 met price target | 21%upside $365 | Buy Maintained | 11 Nov 2024 |
Barclays Duffy Fischer 54% 1-year accuracy 7 / 13 met price target | 4%upside $315 | Equal-Weight Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 24 articles about APD published over the past 30 days
Neutral
PRNewsWire
19 hours 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
1 day 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 day 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 day 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 day 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?
Neutral
PRNewsWire
4 days ago
Mantle Ridge Sends Open Letter to Air Products and Chemicals, Inc. Shareholders and Employees
Answers Frequently Asked Questions Received from Employee Shareholders About Vote Anonymity Mantle Ridge's Director Nominees Reaffirm Commitment to Working Constructively with Air Products' Continuing Directors as Part of a Reconstituted Board to Create Value for All Shareholders If Elected Urges Shareholders to Vote the BLUE Proxy Card "FOR" All Four of Mantle Ridge's Superbly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – and "WITHHOLD" on the Company Nominees Charles Cogut, Lisa A. Davis, Seifollah "Seifi" Ghasemi, and Edward L.
Neutral
PRNewsWire
5 days ago
LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY
Glass Lewis Finds a "Compelling" Case for Change at Air Products Following "Years of Poor Performance Fueled by a Spate of High-Cost, Low-Visibility Strategic Expeditions Pointedly Departing from APD's Core Risk Profile" Report Notes Board Has Overseen a "Faulty Succession Effort" and that Certain of the Company's "Quantitative Rebuttals Heavily Tax Analytical Veracity" Glass Lewis Recognizes "Mantle Ridge's Copious Dissection of APD's Track Record" is "Much More Decisive" than Air Products' Perspective on Company's Strategic Pivot States that Mantle Ridge Has "Provided Shareholders with a Clear, Credible and Proportionate Alternative Backed by Suitably Experienced, Independent Candidates" While Air Products Has a "Functionally Vacant Succession Framework Slated to Leave CEO Seifi Ghasemi in an Indefinite Position of Influence" Recommends Shareholders Vote "WITHHOLD" On Seifi Ghasemi and Three Other Company Nominees Opposed by Mantle Ridge – Charles Cogut, Lisa A. Davis, and Edward L.
Neutral
PRNewsWire
6 days ago
Air Products Sends Letter to Shareholders Correcting Mantle Ridge's Falsehoods and Misleading Claims
LEHIGH VALLEY, Pa. , Jan. 9, 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
6 days ago
It's Time for a Fresh Start at Air Products: Mantle Ridge Sends Letter to Air Products and Chemicals, Inc. Shareholders
Highlights Strength of Mantle Ridge's Four Director Nominees Puts Performance of Selected Incumbent Directors into Perspective – Including Responsibility for Operational Underperformance, Flawed Capital Allocation and Strategy, Poor Project Execution, Failed Management Development and Succession Planning, Failed Compensation Alignment, and Degradation of Board Composition, Performance, and Governance Safeguards Urges Shareholders to Vote the BLUE Proxy Card "FOR" Mantle Ridge's Four Highly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – and "WITHHOLD" on the Company Nominees Charles Cogut, Lisa A. Davis, Seifollah "Seifi" Ghasemi, and Edward L.
Neutral
PRNewsWire
6 days ago
Air Products' Board of Directors Issues Response to Mantle Ridge
LEHIGH VALLEY, Pa. , Jan. 8, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) Board of Directors today issued the following statement in response to Mantle Ridge's Shareholder letter, issued today: Mantle Ridge is proposing that Air Products be controlled by Mantle Ridge's hand-picked candidates for CEO and Chairman.
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