Linde plc (NYSE:LIN) has earned a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $337.92.
A number of equities research analysts recently weighed in on the stock. HSBC boosted their price target on shares of Linde from $272.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of Linde from $350.00 to $356.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. They noted that the move was a valuation call. Wolfe Research began coverage on shares of Linde in a report on Wednesday, June 9th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $345.00 to $350.00 and gave the company a “buy” rating in a report on Monday, August 2nd. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Linde in a report on Monday, September 6th.
A number of institutional investors have recently added to or reduced their stakes in LIN. Rossmore Private Capital increased its stake in Linde by 1.1% during the 2nd quarter. Rossmore Private Capital now owns 3,013 shares of the basic materials company’s stock worth $871,000 after purchasing an additional 33 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in Linde by 21.5% during the 2nd quarter. Harbor Investment Advisory LLC now owns 192 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 34 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Linde by 8.9% during the second quarter. Financial Management Professionals Inc. now owns 414 shares of the basic materials company’s stock worth $120,000 after buying an additional 34 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Linde by 2.7% during the second quarter. Manchester Capital Management LLC now owns 1,313 shares of the basic materials company’s stock worth $380,000 after buying an additional 34 shares in the last quarter. Finally, Glassman Wealth Services lifted its holdings in shares of Linde by 11.6% during the second quarter. Glassman Wealth Services now owns 336 shares of the basic materials company’s stock worth $97,000 after buying an additional 35 shares in the last quarter. Institutional investors own 72.10% of the company’s stock.
Linde (NYSE:LIN) last announced its quarterly earnings results on Friday, July 30th. The basic materials company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.17. Linde had a net margin of 11.37% and a return on equity of 10.54%. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the previous year, the company earned $1.90 earnings per share. Linde’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that Linde will post 10.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Friday, September 3rd were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, September 2nd. Linde’s payout ratio is currently 51.52%.
Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and South Pacific (APAC); Engineering; and Other. The America segment operates production facilities in the U.S., Canada, Mexico, and Brazil.
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