Linde (NASDAQ:LIN) Announces Earnings Results

Linde (NASDAQ:LIN) announced its earnings results on Thursday. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05, Briefing.com reports. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 EPS.

Linde Stock Up 0.3 %

Shares of NASDAQ LIN opened at $457.31 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The company has a market cap of $218.37 billion, a P/E ratio of 34.80, a P/E/G ratio of 3.00 and a beta of 0.94. Linde has a 52 week low of $385.12 and a 52 week high of $487.49. The business has a 50-day simple moving average of $472.87 and a two-hundred day simple moving average of $451.82.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. 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 1.22%. Linde’s dividend payout ratio (DPR) is 42.31%.

Insider Activity

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Citigroup raised their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average price target of $490.75.

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.