Linde plc (NASDAQ:LIN) Plans $1.39 Quarterly Dividend

by · The Cerbat Gem

Linde plc (NASDAQ:LIN – Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 1.39 per share by the basic materials company on Tuesday, December 17th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Linde has increased its dividend payment by an average of 9.8% per year over the last three years. Linde has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Linde to earn $17.13 per share next year, which means the company should continue to be able to cover its $5.56 annual dividend with an expected future payout ratio of 32.5%.

Linde Stock Performance

LIN traded down $1.00 during trading hours on Tuesday, hitting $475.00. The stock had a trading volume of 1,325,113 shares, compared to its average volume of 1,820,432. The stock has a market cap of $226.81 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde has a 1 year low of $373.69 and a 1 year high of $487.49. 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’s fifty day simple moving average is $472.59 and its 200 day simple moving average is $451.36.

Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.57 EPS. Equities analysts anticipate that Linde will post 15.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group reduced their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Get Our Latest Report on Linde

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

About Linde

(Get Free Report)

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.

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