Air Products & Chemicals Inc (+1, APD US, November 14th)
Siefi Ghasemi (Chair and CEO since 2013) purchased 10,000 shares on November 8th at $252, then another 11,000 shares on November 13th at $264. These purchases add up to $5.4 million and are his first purchases since July 2019 at $227. He has purchased shares on 11 prior occasions, with his first purchase in 2013 at $100. He has a good, but not perfect record over those 11 purchases.
We’ve ranked the stock several times based on those prior purchases and while in some cases the returns were modest, they all proved to be good long-term entry points. This is the first insider purchase since 2021.
We are ranking the stock +1.