Linde PLC (NYSE:LIN) – Equities research analysts at Jefferies Financial Group raised their FY2019 earnings per share estimates for Linde in a note issued to investors on Wednesday, November 13th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings per share of $7.30 for the year, up from their previous estimate of $7.10. Jefferies Financial Group also issued estimates for Linde’s FY2020 earnings at $8.10 EPS, FY2022 earnings at $10.35 EPS and FY2023 earnings at $11.85 EPS.
Other research analysts also recently issued research reports about the company. Bank of America lifted their price objective on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. Barclays boosted their price target on Linde from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday. Wells Fargo & Co boosted their price target on Linde from $223.00 to $228.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Thursday, August 8th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $115.00 price target on shares of Linde in a report on Tuesday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $200.42.
Linde (NYSE:LIN) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.14 billion. Linde had a return on equity of 10.47% and a net margin of 17.60%.
Several hedge funds have recently bought and sold shares of LIN. Krane Funds Advisors LLC purchased a new position in shares of Linde during the 2nd quarter worth approximately $25,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Linde during the 3rd quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Linde during the 2nd quarter worth approximately $46,000. Ruggie Capital Group purchased a new position in shares of Linde during the 2nd quarter worth approximately $48,000. Finally, Stonebridge Capital Advisors LLC purchased a new position in shares of Linde during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.
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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