Seaport Global Securities Analysts Boost Earnings Estimates for Linde PLC (LIN)

Linde PLC (NYSE:LIN) – Seaport Global Securities lifted their Q3 2019 earnings per share (EPS) estimates for Linde in a research report issued on Tuesday, January 8th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings per share of $1.92 for the quarter, up from their prior forecast of $1.83. Seaport Global Securities also issued estimates for Linde’s Q4 2019 earnings at $2.05 EPS and FY2019 earnings at $7.45 EPS.

Several other analysts also recently issued reports on the stock. Societe Generale assumed coverage on shares of Linde in a research report on Tuesday. They issued a “buy” rating and a $190.00 price objective for the company. Zacks Investment Research downgraded shares of Linde from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup initiated coverage on shares of Linde in a research report on Monday. They set a “buy” rating for the company. UBS Group initiated coverage on shares of Linde in a research report on Thursday, December 6th. They set a “buy” rating for the company. Finally, Nord/LB reissued a “neutral” rating on shares of Linde in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $184.33.

Shares of NYSE:LIN opened at $161.85 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70. Linde has a 52-week low of $145.95 and a 52-week high of $166.85. The company has a market capitalization of $45.04 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.73 and a beta of 0.80.

Several hedge funds have recently added to or reduced their stakes in LIN. Tower View Investment Management & Research LLC bought a new position in Linde during the fourth quarter worth $37,000. Cerebellum GP LLC bought a new position in Linde during the fourth quarter worth $260,000. Bath Savings Trust Co bought a new position in Linde during the fourth quarter worth $322,000. CHICAGO TRUST Co NA bought a new position in Linde during the fourth quarter worth $369,000. Finally, Woodstock Corp bought a new position in Linde during the fourth quarter worth $373,000. 75.34% of the stock is owned by institutional investors and hedge funds.

In other news, Director Robert L. Wood sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total transaction of $284,454.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eduardo F. Menezes sold 6,335 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $156.00, for a total transaction of $988,260.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

The business also recently declared a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were given a dividend of $0.825 per share. The ex-dividend date was Monday, December 17th. Linde’s payout ratio is currently 42.22%.

About Linde

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

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Earnings History and Estimates for Linde (NYSE:LIN)

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