Q2 2024 Earnings Estimate for Linde plc (NASDAQ:LIN) Issued By Seaport Res Ptn

Linde plc (NASDAQ:LIN) – Equities research analysts at Seaport Res Ptn lowered their Q2 2024 earnings estimates for 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 $3.87 per share for the quarter, down from their prior forecast of $3.88. 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 Q4 2024 earnings at $3.97 EPS.

A number of other research analysts have also commented on LIN. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research report on Monday, January 22nd. TD Cowen increased their price target on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Wells Fargo & Company upped their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Citigroup cut shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. Finally, Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $456.79.

Linde Stock Down 0.0 %

Shares of LIN opened at $446.30 on Thursday. The company has a 50-day simple moving average of $453.89 and a 200-day simple moving average of $418.29. 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 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 52 week low of $350.60 and a 52 week high of $477.71.

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

Linde Increases Dividend

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

Insider Activity

In other Linde news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Linde news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last three months. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Linde

Several hedge funds have recently bought and sold shares of LIN. Carmel Capital Partners LLC acquired a new stake in Linde in the third quarter worth $26,000. Annapolis Financial Services LLC raised its holdings in shares of Linde by 122.6% during the third 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 stake in shares of Linde during the third quarter worth $29,000. Scarborough Advisors LLC acquired a new stake in shares of Linde during the fourth quarter worth $30,000. Finally, FWL Investment Management LLC acquired a new stake in shares of Linde during the fourth quarter worth $30,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

About Linde

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.