Linde PLC (NYSE:LIN) – Investment analysts at Seaport Global Securities dropped their Q2 2019 earnings per share estimates for shares of Linde in a research note issued to investors on Wednesday, June 12th. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.68 per share for the quarter, down from their previous forecast of $1.72. Seaport Global Securities also issued estimates for Linde’s Q3 2019 earnings at $1.73 EPS, Q2 2020 earnings at $1.89 EPS, Q3 2020 earnings at $1.93 EPS, Q4 2020 earnings at $2.06 EPS and FY2020 earnings at $7.70 EPS.
Linde (NYSE:LIN) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Linde from $189.00 to $206.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. DZ Bank upgraded shares of Linde to a “buy” rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their price target on shares of Linde from $205.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. They noted that the move was a valuation call. KeyCorp boosted their price target on shares of Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, SunTrust Banks boosted their price target on shares of Linde to $196.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $199.14.
Shares of NYSE:LIN opened at $202.74 on Friday. The stock has a market cap of $109.90 billion, a PE ratio of 31.56, a PEG ratio of 2.18 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.22. Linde has a 12 month low of $145.95 and a 12 month high of $203.89.
Large investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC bought a new position in Linde during the first quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in Linde during the first quarter valued at approximately $30,000. Kings Point Capital Management bought a new position in Linde during the fourth quarter valued at approximately $31,000. Harvest Group Wealth Management LLC bought a new position in Linde during the first quarter valued at approximately $31,000. Finally, Israel Discount Bank of New York bought a new position in Linde during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.88% of the company’s stock.
In other Linde news, insider Anne K. Roby sold 3,159 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total value of $558,416.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christian Bruch acquired 1,474 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of $179.21 per share, for a total transaction of $264,155.54. The disclosure for this purchase can be found here. Insiders have sold 141,556 shares of company stock worth $26,887,956 in the last quarter. 0.23% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, May 31st.
Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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