Seaport Res Ptn Has Pessimistic Outlook of Linde Q4 Earnings

Linde plc (NASDAQ:LIN) – Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Linde in a research report issued to clients and investors on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings of $3.91 per share for the quarter, down from their previous estimate of $4.00. The consensus estimate for Linde’s current full-year earnings is $15.48 per share. Seaport Res Ptn also issued estimates for Linde’s Q4 2025 earnings at $4.35 EPS and FY2026 earnings at $18.56 EPS.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year.

Several other brokerages have also recently issued reports on LIN. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Barclays increased their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Price Performance

Shares of LIN opened at $459.48 on Thursday. Linde has a fifty-two week low of $390.38 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market cap of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. The firm’s 50-day simple moving average is $471.60 and its two-hundred day simple moving average is $452.30.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. Linde’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Linde

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after buying an additional 15,187 shares during the period. Canada Pension Plan Investment Board raised its position in Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after purchasing an additional 218,746 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Linde by 8.7% during the second quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock worth $874,908,000 after acquiring an additional 160,355 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

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.