Linde PLC (LIN) Expected to Post FY2019 Earnings of $6.90 Per Share

Linde PLC (NYSE:LIN) – Investment analysts at KeyCorp upped their FY2019 earnings per share estimates for Linde in a research report issued on Sunday, May 12th. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings of $6.90 per share for the year, up from their previous estimate of $6.80. KeyCorp has a “Overweight” rating and a $205.00 price objective on the stock. KeyCorp also issued estimates for Linde’s Q4 2019 earnings at $1.75 EPS.

Linde (NYSE:LIN) last issued its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. Linde had a return on equity of 22.26% and a net margin of 29.40%.

A number of other analysts also recently issued reports on the company. BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Monday. Zacks Investment Research downgraded Linde from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Societe Generale reissued a “buy” rating on shares of Linde in a report on Monday, April 15th. SunTrust Banks raised their price objective on Linde to $196.00 and gave the company a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. Finally, ValuEngine cut Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Linde currently has an average rating of “Buy” and a consensus target price of $191.30.

Shares of LIN opened at $180.68 on Tuesday. The stock has a market cap of $94.46 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. Linde has a 12-month low of $145.95 and a 12-month high of $185.92.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.94%.

In related news, CEO Stephen F. Angel sold 54,994 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $184.46, for a total transaction of $10,144,193.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew J. White sold 7,773 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $185.01, for a total value of $1,438,082.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,926 shares of company stock worth $12,140,692. 0.23% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LIN. Patriot Financial Group Insurance Agency LLC purchased a new position in Linde in the 1st quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in Linde in the 1st quarter worth approximately $30,000. Heritage Trust Co purchased a new position in Linde in the 4th quarter worth approximately $31,000. Kings Point Capital Management purchased a new position in Linde in the 4th quarter worth approximately $31,000. Finally, Sharkey Howes & Javer purchased a new position in Linde in the 4th quarter worth approximately $31,000. 74.01% of the stock is currently owned by institutional investors.

Linde Company Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Earnings History and Estimates for Linde (NYSE:LIN)

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