Linde (NASDAQ:LIN – Get Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05, Briefing.com reports. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the firm posted $3.63 EPS. Linde’s revenue was up 1.9% on a year-over-year basis.
Linde Stock Performance
Shares of NASDAQ:LIN traded up $1.16 during trading on Friday, hitting $457.31. 2,347,307 shares of the stock traded hands, compared to its average volume of 1,834,612. The company has a fifty day moving average price of $473.04 and a two-hundred day moving average price of $451.73. Linde has a 52-week low of $385.12 and a 52-week high of $487.49. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s payout ratio is 42.31%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Linde
Insider Buying and Selling
In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.
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.
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