Seaport Res Ptn Predicts Linde's Q4 Earnings (NASDAQ:LIN)

Linde plc (NASDAQ:LIN - Free Report) - Investment analysts at Seaport Res Ptn cut their Q4 2024 earnings per share estimates for shares of Linde in a research note issued on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $3.91 per share for the quarter, down from their prior estimate of $4.00. The consensus estimate for Linde's current full-year earnings is $15.47 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.

LIN has been the subject of a number of other research reports. Barclays upped their target price on Linde from $460.00 to $510.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $490.75.

Linde Price Performance

Shares of Linde stock traded up $2.84 during midday trading on Thursday, hitting $465.47. 1,924,778 shares of the company traded hands, compared to its average volume of 1,837,389. The firm's fifty day moving average price is $472.12 and its 200-day moving average price is $452.12. The stock has a market cap of $221.64 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.94 and a beta of 0.94. Linde has a 12 month low of $389.14 and a 12 month 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.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.19%. Linde's payout ratio is currently 42.22%.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction 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 transaction, the vice president now directly owns 17,584 shares of the company's stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Linde

A number of hedge funds have recently added to or reduced their stakes in LIN. Clearbridge Investments LLC increased its holdings in Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company's stock worth $851,314,000 after acquiring an additional 1,558,538 shares during the last quarter. Swedbank AB bought a new stake in shares of Linde in the second quarter valued at approximately $420,720,000. International Assets Investment Management LLC lifted its stake in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company's stock valued at $446,377,000 after buying an additional 934,123 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Linde by 91.6% in the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company's stock worth $449,648,000 after buying an additional 463,096 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in Linde during the 1st quarter valued at $210,480,000. Institutional investors and hedge funds own 82.80% of the company's stock.

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.