Air Products and Chemicals Inc. (APD)
Air Products to Broadcast Fiscal 2025 Second Quarter Earnings Teleconference on May 1, 2025
LEHIGH VALLEY, Pa. , April 1, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 second quarter financial results on Thursday, May 1, 2025 at 8:00 a.m.
All It Takes Is $4,000 Invested in Each of These 3 Dividend Stocks to Help Generate Over $300 in Passive Income per Year
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Here's Why You Should Retain Air Products Stock in Your Portfolio
While the softness in China and Europe is a concern, APD benefits from its investments in high-return industrial gas projects and productivity actions.
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
3 Diversified Chemical Stocks to Escape Demand Headwinds
Soft demand in specific markets and the sluggishness in China and Europe pose headwinds for the Zacks Chemicals Diversified industry. APD, DD and EMN are poised to navigate the industry challenges.
Air Products and Chemicals: Why I'm Bullish On This Hydrogen Stock
Air Products and Chemicals, Inc.'s recent price pullback offers a growth opportunity, driven by its strategic focus on the expanding hydrogen market and solid financial performance. Upcoming projects like the NEOM green hydrogen facility and Louisiana blue hydrogen project highlight APD's growth potential and commitment to clean energy. Cost-saving initiatives, reasonable debt levels, and a well-covered dividend support APD's positive outlook and justify its current valuation.
Billionaire Investorâs Hedge Fund Has 100% of Its Assets in Just 2 Stocks
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Paul Hilal founded Mantle Ridge in 2016. Before that, he spent a decade as a senior partner at Bill Ackmanâs hedge fund, Pershing Square Capital Management, where he was involved in passive and activist investing initiatives. Hilal, a bright individual, graduated from Columbia Universityâs Graduate Law and Business programs in 1992 and has been in the investment business ever since. Entrepreneurial to the core, Mantle Ridge undertakes extensive research to find value-focused investments and collaborates with management to deliver enhanced shareholder value. This benefits both Hilalâs investors and the targetâs existing shareholders. According to WhaleWisdom.com, it has $4.62 billion in assets under management, including $2.1 billion invested in U.S. listed stocks. In the final quarter of 2024, Mantle Ridge had just two holdings worth around $1 billion: one existing stock and one new addition. Hereâs why he owns both Air Products & Chemicals (NYSE:APD) and Dollar Tree (NASDAQ:DLTR). Key Points About This Article: Billionaire investor Paul Hilal worked for Bill Ackman for a decade before starting his hedge fund, Mantle Ridge. The hedge fund has just two holdings; one is brand new. In January, Mantle Ridge led a successful proxy fight against Air Products & Chemicals (NYSE:APD). It led to three board seats and a new CEO. Over 4 Million Americans set to retire this year. If youâre one, donât leave your future to chance. Speak with an advisor and learn if youâre ahead, or behind on your goals. Click here to get started. (Sponsored) Mantle Ridge Wins Proxy Fight With APD The news surfaced that the hedge fund had taken a significant position in the industrial gas supplier last October. The Wall Street Journal reported that Hilalâs firm started accumulating a position in APD stock in March 2024, which was only reported in the Q4 2024 13F holdings report. As of Dec. 31, 2024, Mantle Ridge held 4.11 million shares of Air Products, valued at $1.19 billion, accounting for 56.77% of the hedge fundâs portfolio. WhaleWisdom estimates the average price paid for the shares was $307.20. Hilalâs firm owns 1.85% of APDâs stock. Hilal sought to discuss possible capital allocation and strategic decisions that Air Products should consider to deliver for shareholders with the underperforming companyâs management and board. It also wanted to see it carry out a succession plan for 80-year-old CEO, Seifi Ghasemi, to get someone younger in place. The report mentioned above was the first inkling of Mantle Ridgeâs involvement. The hedge fundâs first SEC document to reveal its participation was its Nov. 19 proxy statement, seeking to appoint its full slate of nine director nominees at its 2025 annual meeting. Hilal was one of the nine. It also included a timeline of the events between Mantle Ridgeâs first investment in March and the November filing. On January 23, Mantle Ridge gained three seats on its board: Hilal, Dennis Reilly, a former CEO of Praxair, now owned by Air Products competitor, Linde (NASDAQ:LIN) and Andrew Evans, a utility industry executive. Interestingly, Air Products CEO Ghasemi lost his seat on the board. Two weeks later, Eduardo F. Menezes was appointed CEO, and Ghasemi left the company after 10 years as CEO. Menezes was most recently Executive Vice President of Lindeâs EMEA (Europe, Middle East, and Africa) business, which generates over $8 billion in annual revenue and has 18,000 employees in 40 countries. APD stock had gained 17% through the first five weeks of 2025. Itâs since given back much of those gains. Based on WhaleWisdomâs average price estimate, Mantle Ridge remains underwater on its investment. However, the cancellation of three U.S. projects in February, should enable it to focus on the projects that will deliver greater value for shareholders. Mantle Ridgeâs significant investment in Air Products should look better a year from now. The Second of Two Investments While Air Products is new to Mantle Ridgeâs 13F holdings reports, Dollar Tree is not. The hedge fund first acquired shares in the dollar store business in Q4 2021. It now accounts for 43.23% of its assets and represents a 5.63% ownership stake in DLTR. It has taken three years for the hedge fund to accumulate the shares it owns today. In Q4 2021, it owned just 100 shares of DLTR stock, while its only other investment was 2.71 million shares of Aramark (NYSE:ARMK), which were valued at nearly $100 million. By the end of 2022, Mantle Ridge held 11.37 million shares valued at $1.61 billion, 12.10 million at the end of 2023, and the same amount in 2024 as 2023. The average price paid per share is $139.13, double its current price. What is Hilal doing to rescue his firmâs investment? After all, it acquired no additional shares in 2024, despite DLTR losing 47% of its value last year. You would think it would have doubled down. However, the dollar store industry isnât doing well in America, primarily because its core customers are hurting financially. Changing the board around and other activist go-to moves wonât cut it. Last September, Bloomberg discussed the problems plaguing the dollar store industry. ââWe think the dollar store sector is under extreme pressure from both low-income customer weakness as well as incremental share leakage to competitors like Walmart,â Truist Securities analysts including Scot Ciccarelli wrote in a note to investors on Wednesday. They said companies focused on low-income customers âhave continued to substantially underperform given the cumulative, corrosive impact of inflation,â Bloomberg reported on Sept. 4. In November, after 20 months, CEO Rick Dreiling stepped down due to health issues. A month later, COO Michael Creedon, Jr., was named CEO. In February, the company added two retail and consumer goods industry veterans to the board. Shareholders can only hope that the strategic review of Family Dollar stores will result in the sale of what has been a significant disappointment since Dollar Tree acquired it in 2015. It continues to open Dollar Tree stores, grow same-store sales, and generate free cash flow, which was $390 million in the first nine months of 2024, over three times the amount it generated a year earlier. Mantle Ridge can only hope this is the beginning of a turnaround. The post Billionaire Investorâs Hedge Fund Has 100% of Its Assets in Just 2 Stocks appeared first on 24/7 Wall St..
Air Products to Highlight its FreshlineÂź Smart Technology and Food Freezing Solutions at Seafood Expo North America
LEHIGH VALLEY, Pa. , March 13, 2025 /PRNewswire/ -- Air Products (NYSE: APD) will highlight its FreshlineÂź Smart Technology and food freezing solutions for seafood processors at Seafood Expo North America at the Boston Convention and Exhibition Center from March 16-18.
Air Products to Exit Three U.S. Projects to Streamline Backlog
APD exits three projects to streamline backlogs and focus its resources on driving shareholder value.
Air Products to Exit Three U.S.-Based Projects
Company Will Write Down Assets and Expects to Record a Pre-Tax Charge Not to Exceed $3.1 Billion in Its Fiscal Second Quarter LEHIGH VALLEY, Pa. , Feb. 24, 2025 /PRNewswire/ -- As part of a review initiated by Air Products' (NYSE: APD) newly-elected Board of Directors and Chief Executive Officer, the Company today announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.
Air Products to Feature Decarbonization Solutions at POWERGEN
APD is extending the potential of hydrogen-fired boilers by incorporating its burner technology into cutting-edge boiler systems.
Air Products to Showcase Industrial Decarbonization Solutions at POWERGEN International in Dallas, Texas
Air Products' Industry Experts will Present the Details of Recent Hydrogen Boiler Trials, as well as Information on Hydrogen's Role in Enhancing Microgrid Resilience LEHIGH VALLEY, Pa. , Feb. 10, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will highlight how its industrial gases, such as hydrogen, can help the power industry generate a cleaner future and reach its decarbonization goals at POWERGEN International, from February 11-13, at the Kay Bailey Hutchison Convention Center in Dallas, Texas.
