That strategy is to optimize and grow Air Products' core industrial gases business while advancing the energy transition through clean hydrogen.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $330.00 | Sell → Neutral | Redburn Atlantic |
| 10/7/2024 | $295.00 → $364.00 | Hold → Buy | Jefferies |
| 10/7/2024 | $336.00 | Hold → Buy | Vertical Research |
| 10/7/2024 | $305.00 → $365.00 | In-line → Outperform | Evercore ISI |
| 7/22/2024 | Buy → Hold | Deutsche Bank | |
| 3/1/2024 | $279.00 | Outperform | Wolfe Research |
| 2/26/2024 | Buy → Hold | Argus | |
| 2/16/2024 | $345.00 → $305.00 | Outperform | TD Cowen |
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Redburn Atlantic upgraded Air Products from Sell to Neutral and set a new price target of $330.00
Jefferies upgraded Air Products from Hold to Buy and set a new price target of $364.00 from $295.00 previously
Vertical Research upgraded Air Products from Hold to Buy and set a new price target of $336.00
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 Relations website. Internet replay: Available on the Event Details page on Air Products' Investor Relations website. About Air Products Air Products (NYSE:APD) is a world-leading industria
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 aimed at addressing the longstanding underperformance in its shares and deficiencies in its governance and capital allocation policies. Funds advised by D. E. Shaw & Co., L.P. are shareholder
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 conditions for the transaction have been fully met and regulatory approvals received.
Deutsche Bank analyst David Begleiter downgrades Air Products & Chemicals (NYSE:APD) from Buy to Hold and lowers the price target from $310 to $280.
Honeywell International Inc. (NASDAQ:HON) shares are trading slightly higher after United Airlines Holdings, Inc. (NASDAQ:UAL) chose the company to supply a variety of avionics for its upcoming 737 MAX aircraft over the next decade. This includes the industry’s only 3D weather radar, new 25-hour flight data recorders, and advanced traffic avoidance systems. United Airlines initially chose Honeywell avionics in 2018 for 161 737 MAX aircraft. This new agreement further reinforces Honeywell’s reputation for delivering top-tier aerospace technology. Heath Patrick, President, Americas Aftermarket, Honeywell Aerospace Technologies said, “We are proud to continue our long-standing relat
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LEHIGH VALLEY, Pa., July 16, 2024 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Eric Guter will assume the role of Vice President, Investor Relations effective September 30, 2024 succeeding Sidd Manjeshwar who will be leaving the Company to pursue other opportunities. The two will work closely together over the coming months to ensure a smooth and seamless transition of the Company's Investor Relations responsibilities. Guter will report to Melissa Schaeffer, Air Products' Chief Financial Officer. "I want to thank Sidd for his significant contributions to Air Products and for continuing to build strong relationships with investors and analysts over the past few years," said S
Global gas processing executive to lead the company's commercialization of innovative Direct Air Capture technology, targeting the removal of 500 million tons of CO2 by 2040. Dr. Mary Haas has been appointed CEO of Sustaera Inc., a direct air capture technology company funded by Breakthrough Energy Ventures and the Grantham Foundation. The appointment is effective immediately, with Dr Haas also serving as a member of the company's Board of Directors Dr. Haas joins Sustaera from Air Products and Chemicals (NYSE:APD) where she most recently served as Executive Director and General Manager of the company's $200 MM Global Equipment Division. Her accountability spanned all aspects of Strategy,
LEHIGH VALLEY, Pa., Dec. 1, 2020 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Brian Galovich has joined Air Products as senior vice president and chief information officer (CIO). Reporting to Air Products' Chairman, President and Chief Executive Officer Seifi Ghasemi, Galovich has responsibility for the strategic oversight of technology-driven solutions and the integration of technologies, people, information, and processes which deliver value and operational efficiencies to Air Products' more than 19,000 employees and many customers around the world. Brian Galovich, Senior Vice President and Chief Information Officer, Air Products Galovich brings m
Q3 FY24 (comparisons versus prior year): GAAP EPS# of $3.13, up 17 percent; GAAP net income of $709 million, up 16 percent; and GAAP net income margin of 23.7 percent, up 360 basis pointsAdjusted EPS* of $3.20, up seven percent; adjusted EBITDA* of $1.3 billion, up five percent; and adjusted EBITDA margin* of 42.4 percent, up 260 basis pointsRecent Highlights Clean hydrogen / energy transition Signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize TotalEnergies' Northern European refineries and avoid approximately 700,000 tons of CO₂ each yearAnnounced agreement to divest Air Products' liquefied natural gas (LNG) process technolog
LEHIGH VALLEY, Pa., July 18, 2024 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.77 per share of common stock. The dividend is payable on November 12, 2024 to shareholders of record at the close of business on October 1, 2024. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining,
LEHIGH VALLEY, Pa., May 17, 2024 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.77 per share of common stock. The dividend is payable on August 12, 2024 to shareholders of record at the close of business on July 1, 2024. About Air Products Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chem