Business: Air Products and Chemicals is an industrial gases company. It's focused on serving energy, environmental and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing and food. Air Products also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-du ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Air Products and Chemicals (APD) , which belongs to the Zacks Chemical - Diversified industry.This seller of gases for industrial, medical and other uses has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.02%.For the most recent quarter, Air Products a ...

LEHIGH VALLEY, Pa., Oct. 14, 2024 /PRNewswire/ -- Air Products (NYSE:APD) will release its fiscal 2024 fourth quarter financial results prior to market open on Thursday, November 7, 2024 and will review these results in a teleconference at 8:30 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.Live teleconference:  773-305-6853Passcode: 9129758Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Re ...

Multi-strategy hedge fund D.E. Shaw revealed on Thursday it had amassed a roughly $1 billion stake in industrial gas giant Air Products and Chemicals, the second activist stake at the $71 billion company. D.E. Shaw, one of the largest hedge funds in the world by assets, said in letters made public Thursday that its efforts to engage privately with the company had been largely rebuffed and marked by "an apparent lack of urgency." The investor plans to nominate three directors to the company's board, people f ...

Reiterates the Need for the Board to Engage in Proper Succession Planning and Insist on a More Rigorous Capital Allocation Policy NEW YORK, Oct. 10, 2024 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter to the Board of Directors of Air Products and Chemicals, Inc. (NYSE: APD) (the "Company" or "APD") calling for changes aim ...

Air Products and Chemicals (APD) shares rallied 9.5% in the last trading session to close at $312.69. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.3% gain over the past four weeks.APD’s stock popped on reports that activist investor Mantle Ridge has amassed a large stake in the company. According to The Wall Street Journal, Mantle Ridge has acquired a more than $1 billion stake in the company and plans t ...

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 ...

Mantle Ridge hedge fund has recently stepped into the industrial gas space by purchasing $1 billion of Air Products (APD, Financial) shares. Mantle Ridge is known as an activist investor that actively involves not just sitting back and watching. It is reported that Mantle wants to help Air Products to do better by growing in a good way rather than just relying on external things like government rules or basic gas price fluctuation. Market welcomes Mantle Ridge's effort in making betterment by appreciating t ...

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 ...