Seaport Res Ptn Analysts Lower Earnings Estimates for Linde

Linde plc (NASDAQ:LIN - Free Report) - Analysts at Seaport Res Ptn dropped their Q1 2025 earnings per share (EPS) estimates for Linde in a research note issued to investors on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $4.02 per share for the quarter, down from their previous forecast of $4.09. The consensus estimate for Linde's current full-year earnings is $15.48 per share. Seaport Res Ptn also issued estimates for Linde's Q2 2025 earnings at $4.22 EPS and FY2025 earnings at $16.85 EPS.

A number of other analysts have also commented on LIN. Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the stock a "buy" rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $490.75.

Linde Stock Down 1.3 %

Shares of NASDAQ:LIN traded down $5.99 during midday trading on Friday, hitting $459.48. 1,496,721 shares of the company's stock were exchanged, compared to its average volume of 1,835,682. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde has a 12 month low of $390.38 and a 12 month high of $487.49. The company has a market cap of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. The stock has a 50 day moving average price of $471.60 and a 200-day moving average price of $452.30.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business posted $3.63 EPS. Linde's quarterly revenue was up 1.9% on a year-over-year basis.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde's dividend payout ratio (DPR) is 42.22%.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company's stock, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Linde

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its position in shares of Linde by 46.9% in the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company's stock valued at $20,593,000 after purchasing an additional 15,393 shares in the last quarter. Vident Advisory LLC grew its holdings in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company's stock valued at $3,750,000 after buying an additional 2,337 shares in the last quarter. Choate Investment Advisors increased its position in shares of Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company's stock valued at $8,366,000 after buying an additional 3,437 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Linde by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company's stock worth $26,215,000 after buying an additional 2,312 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company's stock valued at $9,319,000 after acquiring an additional 4,479 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

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.