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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
121% more call options, than puts
Call options by funds: $512M | Put options by funds: $232M
13% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 120
0.37% more ownership
Funds ownership: 89.96% [Q4 2024] → 90.33% (+0.37%) [Q1 2025]
0% less capital invested
Capital invested by funds: $59.3B [Q4 2024] → $59.2B (-$97.5M) [Q1 2025]
1% less funds holding
Funds holding: 1,763 [Q4 2024] → 1,749 (-14) [Q1 2025]
3% less repeat investments, than reductions
Existing positions increased: 663 | Existing positions reduced: 685
7% less funds holding in top 10
Funds holding in top 10: 30 [Q4 2024] → 28 (-2) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital Arun Viswanathan | 27%upside $355 | Outperform Initiated | 13 Jun 2025 |
Morgan Stanley Vincent Andrews | 3%upside $290 | Equal-Weight Reinstated | 29 May 2025 |
UBS Joshua Spector | 16%upside $324 | Buy Maintained | 2 May 2025 |
Barclays Duffy Fischer | 16%upside $325 | Overweight Maintained | 2 May 2025 |
B of A Securities Steve Byrne | 1%upside $282 | Underperform Downgraded | 15 Apr 2025 |
Financial journalist opinion
Based on 7 articles about APD published over the past 30 days









