UBS AM, a division of UBS ASSET MANAGEMENT AMERICAS LLC, has obtained 9,260 shares of Air Products and Chemicals, Inc. (APD). Several other acquisitions and sales were reported, such as acquisitions by Zurcher Kantonalbank Zurich Cantonalbank and Townsquare Capital LLC or sales by Glenmede Trust Co. NA. APD has been included in UBS’ stocks list for the AI, Growth & Low Rates Era. APD's shares had seen a recent rise, bolstered by multiple factors such as Honeywell's acquisition of APD's Liquefied Natural Gas Business; a successful performance in Q3 and the Q4; and a strong dividend yield. The company's future, however, is under scrutiny due to activist pressure from Mantle Ridge, proposing a new board and CEO. APD has responded positively to nominations suggesting a strategic shift could be imminent. Activities like the deal with Honeywell and the start of a new industrial gas business with Tatung Forever Energy are driving growth. Despite mixed Q4 results and certain uncertainties regarding its capital usage, the fundamentals remain solid with steady EPS growth. The company's future potential earnings and value are under investor review.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:42:29 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 2
