Brokers Issue Forecasts for Linde plc’s Q2 2024 Earnings (NASDAQ:LIN)

Linde plc (NASDAQ:LIN) – Equities researchers at Seaport Res Ptn cut their Q2 2024 earnings per share (EPS) estimates for shares of Linde in a report issued on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $3.87 per share for the quarter, down from their prior forecast of $3.88. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Linde’s current full-year earnings is $15.58 per share. Seaport Res Ptn also issued estimates for Linde’s Q4 2024 earnings at $3.97 EPS.

A number of other brokerages also recently commented on LIN. Wells Fargo & Company upped their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Wolfe Research assumed coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a research note on Monday, January 22nd. Mizuho upgraded shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a research report on Thursday. Finally, UBS Group cut Linde from a “buy” rating to a “neutral” rating and lifted their price target for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.79.

Linde Trading Down 0.1 %

NASDAQ LIN opened at $446.43 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde has a one year low of $350.60 and a one year high of $477.71. The company has a 50-day simple moving average of $453.35 and a 200-day simple moving average of $417.76. The firm has a market capitalization of $214.99 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.91 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the business posted $3.16 EPS. Linde’s quarterly revenue was up 5.1% compared to the same quarter last year.

Institutional Investors Weigh In On Linde

Several large investors have recently made changes to their positions in LIN. Vanguard Group Inc. increased its position in Linde by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,270,204 shares of the basic materials company’s stock worth $18,182,215,000 after buying an additional 210,911 shares during the last quarter. State Street Corp boosted its stake in shares of Linde by 1.9% during the 1st quarter. State Street Corp now owns 19,984,243 shares of the basic materials company’s stock worth $7,103,185,000 after acquiring an additional 372,780 shares in the last quarter. FMR LLC increased its holdings in shares of Linde by 2.6% during the 3rd quarter. FMR LLC now owns 13,919,350 shares of the basic materials company’s stock valued at $5,182,870,000 after acquiring an additional 354,506 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after acquiring an additional 141,322 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Linde by 6.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,587,362 shares of the basic materials company’s stock worth $2,315,068,000 after purchasing an additional 488,655 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In related news, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the completion of the transaction, the chief financial officer now owns 57,634 shares in the company, valued at approximately $26,271,882.56. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock valued at $35,811,988 in the last three months. 0.70% of the stock is currently owned by company insiders.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.25%. This is a boost from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. Linde’s payout ratio is presently 44.13%.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South 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.