Air Products & Chemicals (APD, Financial) shares surged by 7.93% recently following the news of a significant activist investment. Mantle Ridge, an investment firm, has acquired over $1 billion in shares and plans to advocate for strategic changes at the company.Despite Air Products & Chemicals (APD, Financial) showing a positive price movement with its shares currently priced at $308.14, the company has underperformed in comparison to its competitor Linde over the past three years. This underperformance is ...

An activist investor has taken a stake in the industrial gases company.A high-profile activist investment firm has reportedly built a large stake in Air Products & Chemicals (APD 7.62%) and plans to push for changes at the industrial gas manufacturer. Investors are excited about the news, which came out Friday afternoon. As of 11 a.m. ET Monday, Air Products shares were up by 8% from Friday's close.Questions about succession, capital allocationAir Products distributes essential gases to industrial and medic ...

Hedge Fund Involvement - Mantle Ridge hedge fund has purchased $1 billion worth of Air Products (APD) shares, entering the industrial gas space [1] - Mantle Ridge is an activist investor known for actively engaging with companies rather than passively holding shares [1] - The hedge fund aims to help Air Products grow sustainably, focusing on internal improvements rather than external factors like government regulations or gas price fluctuations [1] Market Reaction - The market has responded positively to Mantle Ridge's involvement, with APD shares appreciating in value [1] - Mantle Ridge has a track record of influencing companies to make positive changes, leveraging their expertise in corporate governance, fundamental analysis, and industry trends [1] Uncertain Outcomes - There is no definitive public record of significant successes following Mantle Ridge's involvement in other companies [2] - While Mantle Ridge's involvement is promising, there is no guarantee that their efforts will lead to success for Air Products [2] - The outcome of Mantle Ridge's influence on Air Products is still uncertain and too early to predict [2]

Air Products and Chemicals, Inc.’s (APD) shares hit a fresh 52-week high of $302.03 on Friday, before retracing to close the session at $300.36.APD has rallied 23.4% over the past six months, outperforming its industry’s 3.5% rise. It has also topped the S&P 500’s roughly 26.1% rise over the same period. Image Source: Zacks Investment ResearchLet’s take a look into the factors that are driving APD stock.High-return Projects & Productivity Actions Drive APD StockAir Products is gaining from its investments i ...

Strategic divestiture reflects Air Products' commitment to its industrial gases and clean hydrogen growth strategyAll related assets, intellectual property, manufacturing capability, and personnel have successfully transferred to HoneywellLEHIGH VALLEY, Pa., Sept. 30, 2024 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has completed the sale of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. First announced in July 2024, closing ...

Air Products and Chemicals, Inc.’s (APD) shares have shot up 21.2% over the past six months. The company has also outperformed its industry’s rise of 0.1% over the same time frame. APD has also topped the S&P 500’s roughly 9.2% rise over the same period.Let’s take a look into the factors that are driving APD stock. Image Source: Zacks Investment ResearchAPD Gains on High-return Projects & Productivity ActionsAir Products is benefiting from its investments in high-return industrial gas projects and productiv ...

Air Products and Chemicals, Inc. (APD) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.The company’s shares have lost 9.6% over a year compared with a 10.6% decline of its industry. Image Source: Zacks Investment ResearchLet’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.High-return Projects and Productivity Actions Aid APD StockAir Products is well-placed to benefit from its investments in h ...

Air Products and Chemicals, Inc. (NYSE:APD) Jefferies Industrials Conference Call September 4, 2024 8:05 AM ET Company Participants Sidd Manjeshwar - Vice President, Investor Relations Conference Call Participants Laurence Alexander - Jefferies Laurence Alexander So good morning. It's Laurence Alexander with the Jefferies Chemicals team at the Jefferies Industrials Conference on the first day. And joining us right now is Air Products. And with us is Sidd Manjeshwar from Investor Relations. Thank you very mu ...

aluxum/E+ via Getty Images Introduction On August 30, I wrote an article titled "Dividend Kings Are Overrated." In that article, I explained that although dividend consistency is a great thing, dividend stocks should never be selected based on Dividend Aristocrat or Dividend King status. That said, there are plenty of good Dividend Aristocrats on the market who are still capable of elevated growth. One of them is Air Products & Chemicals (NYSE:APD). I was "lucky" to call the bottom on February 6, when ...

TAIPEI, Taiwan , Aug. 28, 2024 /PRNewswire/ -- Air Products (NYSE: APD), a world-leading industrial gases company, today announced Air Products San Fu Co. Ltd. has signed a 10-year Power Purchase Agreement (PPA) for solar electricity with Tatung Forever Energy, a subsidiary of Tatung Company, one of Taiwan's leading conglomerates. The strategic renewable energy agreement underscores Air Products' long-term commitment to address climate change and support the decarbonization and sustainable development of Ta ...