Linde plc to Post Q1 2024 Earnings of $3.66 Per Share, Seaport Res Ptn Forecasts (NASDAQ:LIN)

Linde plc (NASDAQ:LIN) – Seaport Res Ptn upped their Q1 2024 earnings estimates for shares of Linde in a research report issued to clients and investors on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $3.66 per share for the quarter, up from their prior forecast of $3.64. Seaport Res Ptn 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 Q3 2024 earnings at $3.96 EPS and FY2025 earnings at $17.07 EPS.

Several other brokerages have also commented on LIN. Wells Fargo & Company raised their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup downgraded Linde from a “buy” rating to a “neutral” rating and lifted their target price for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Mizuho raised Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target for the company in a research note on Thursday. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a report on Monday, January 22nd. Finally, Wolfe Research began coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $456.79.

Linde Trading Down 0.0 %

NASDAQ:LIN opened at $446.30 on Friday. The firm has a market capitalization of $214.93 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.92 and a beta of 0.93. The business has a 50 day simple moving average of $453.89 and a 200 day simple moving average of $418.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. Linde has a 12-month low of $350.60 and a 12-month high of $477.71.

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

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.39 dividend. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, March 13th. Linde’s dividend payout ratio is currently 44.13%.

Insiders Place Their Bets

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. In related news, SVP Oliver Pfann sold 300 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Linde

A number of large investors have recently bought and sold shares of the business. Carmel Capital Partners LLC bought a new position in shares of Linde in the third quarter valued at approximately $26,000. Annapolis Financial Services LLC raised its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 38 shares during the period. Provence Wealth Management Group acquired a new position in Linde during the 3rd quarter worth $29,000. Scarborough Advisors LLC acquired a new stake in Linde in the 4th quarter valued at approximately $30,000. Finally, FWL Investment Management LLC bought a new position in Linde in the 4th quarter worth approximately $30,000. 82.80% of the stock is currently owned by 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.