Linde PLC (NYSE:LIN) – Equities research analysts at Seaport Global Securities increased their Q3 2019 earnings estimates for Linde in a report released on Tuesday, January 8th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings per share of $1.92 for the quarter, up from their previous forecast of $1.83. Seaport Global Securities also issued estimates for Linde’s Q4 2019 earnings at $2.05 EPS and FY2019 earnings at $7.45 EPS.
A number of other research firms also recently weighed in on LIN. JPMorgan Chase & Co. started coverage on Linde in a research report on Friday, November 2nd. They set an “overweight” rating and a $185.00 price target on the stock. Societe Generale started coverage on Linde in a research report on Tuesday. They set a “buy” rating and a $190.00 price target on the stock. Citigroup started coverage on Linde in a research report on Monday. They set a “buy” rating on the stock. Kepler Capital Markets restated a “buy” rating on shares of Linde in a research report on Thursday, November 15th. Finally, UBS Group started coverage on Linde in a research report on Thursday, December 6th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Linde has an average rating of “Hold” and a consensus price target of $184.33.
NYSE LIN opened at $158.46 on Thursday. Linde has a twelve month low of $145.95 and a twelve month high of $166.85. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98. The stock has a market cap of $45.04 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.73 and a beta of 0.80.
The business also recently disclosed a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were issued a $0.825 dividend. The ex-dividend date was Monday, December 17th. Linde’s dividend payout ratio is currently 42.22%.
In other news, insider Eduardo F. Menezes sold 6,335 shares of Linde stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $156.00, for a total value of $988,260.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christian Bruch acquired 693 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was bought at an average price of $156.49 per share, for a total transaction of $108,447.57. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower View Investment Management & Research LLC purchased a new position in shares of Linde in the fourth quarter worth about $37,000. Bath Savings Trust Co purchased a new position in Linde during the 4th quarter valued at about $322,000. CHICAGO TRUST Co NA purchased a new position in Linde during the 4th quarter valued at about $369,000. Woodstock Corp purchased a new position in Linde during the 4th quarter valued at about $373,000. Finally, Private Trust Co. NA purchased a new position in Linde during the 4th quarter valued at about $542,000. Hedge funds and other institutional investors own 75.34% of the company’s stock.
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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