Linde plc (NYSE:LIN – Get Rating) – Investment analysts at Seaport Res Ptn dropped their FY2022 EPS estimates for shares of Linde in a report released on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $11.91 for the year, down from their previous estimate of $11.96. The consensus estimate for Linde’s current full-year earnings is $11.89 per share.
Other research analysts have also issued research reports about the stock. Credit Suisse Group assumed coverage on shares of Linde in a research note on Tuesday, May 31st. They issued an “outperform” rating and a $380.00 target price on the stock. Jefferies Financial Group reduced their price objective on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. Stifel Nicolaus raised shares of Linde from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. They noted that the move was a valuation call. UBS Group reduced their price objective on shares of Linde from $355.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Finally, Evercore ISI raised shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price objective on the stock in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $365.60.
Linde Stock Up 0.2 %
Linde (NYSE:LIN – Get Rating) last issued its earnings results on Thursday, July 28th. The basic materials company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.12. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 10.88% and a return on equity of 13.41%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 EPS.
Institutional Trading of Linde
Hedge funds and other institutional investors have recently made changes to their positions in the business. TCG Advisory Services LLC acquired a new stake in shares of Linde in the first quarter valued at approximately $226,000. Kovitz Investment Group Partners LLC increased its holdings in Linde by 453.5% during the first quarter. Kovitz Investment Group Partners LLC now owns 20,928 shares of the basic materials company’s stock worth $6,685,000 after buying an additional 17,147 shares during the last quarter. C2C Wealth Management LLC acquired a new position in Linde during the fourth quarter worth $390,000. Northwestern Mutual Wealth Management Co. increased its holdings in Linde by 44.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,103 shares of the basic materials company’s stock worth $5,783,000 after buying an additional 5,573 shares during the last quarter. Finally, Alphastar Capital Management LLC increased its holdings in Linde by 25.0% during the first quarter. Alphastar Capital Management LLC now owns 1,882 shares of the basic materials company’s stock worth $601,000 after buying an additional 376 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.
Linde Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $1.17 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $4.68 dividend on an annualized basis and a dividend yield of 1.65%. Linde’s dividend payout ratio (DPR) is presently 67.83%.
Linde Company Profile
Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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