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.
Shares of the industrial gas seller are rising after a media report says an activist investor has built a stake of more than a $1 billion in the company.
Mantle Ridge, run by Paul Hilal, plans to push executives at the industrial gas manufacturer on succession planning for Chief Executive Seifi Ghasemi and for improvements to the company's strategy and capital allocation, according to people familiar with the matter.
APD stock gains on its investments in high-return industrial gas projects and productivity and cost improvement actions.
APD benefits from its investments in high-return industrial gas projects and productivity measures.
While the softness in China is a concern, APD gains on its investments in high-return industrial gas projects and productivity measures.
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.
Air Products & Chemicals (APD) is a resilient Dividend Aristocrat with 41 consecutive years of dividend hikes and a 9% annual growth rate since 2014. APD's strategic focus on core industrial gases and low-carbon hydrogen, supported by strong financials, positions it well for long-term growth. Despite challenging market conditions, APD's valuation remains attractive, with a fair stock price estimate 20% above its current price.
APD gains on its investments in high-return industrial gas projects and productivity measures.
While Air Products (APD) faces headwinds from weakness in China, it gains on its investments in high-return industrial gas projects and productivity measures.
Air Products & Chemicals has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.6% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
Hydrogen is quickly becoming an essential part of the green energy matrix. For this reason, I recommend that investors consider the best hydrogen stocks to buy.