189.58 +1.82 (0.97%)
Pre-Market: 9:26AM EDT
|Bid||188.66 x 900|
|Ask||188.88 x 1200|
|Day's Range||186.30 - 189.00|
|52 Week Range||145.95 - 206.82|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||19.39|
|Forward Dividend & Yield||3.50 (1.85%)|
|1y Target Est||N/A|
Linde plc , world's largest industrial gases group, beat forecasts with its second-quarter results and raised its full-year outlook for the second time this year, despite challenging business conditions and economic uncertainties. The supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals said on Monday it now expected its adjusted pro forma earnings per share to grow between 12% and 16% in 2019 to $6.95-$7.18, up from its previous outlook for an increase of 9% to 13%. The company reported adjusted pro forma operating profit rose 6% from a year ago to $1.32 billion, helped by volumes and price increases over the quarter, while pro forma sales were steady at $7.18 billion.
Shares of Linde PLC surged 1.9% in premarket trading Monday, after the industrial gases company reported a second-quarter profit and sales that topped expectations and provided an upbeat full-year outlook. Net income was $522 million, or 96 cents a share, after earnings of $480 million, or $1.65 a share, in the year-ago period. Excluding non-recurring items, such as effects of the Praxair merger, adjusted EPS rose 12% to $1.83, above the FactSet consensus of $1.74. Sales rose to $7.20 billion from $3.04 billion, or from $7.18 billion on a pro forma basis, to beat the FactSet consensus of $7.05 billion. Pro forma sales growth was driven by a 4% increase in volume and 2% growth in pricing. For 2019, the company expects adjusted EPS of $6.95 to $7.18, compared with the FactSet consensus of $6.95. The stock has rallied 20.3% year to date through Friday, while the S&P 500 has gained 17.0%.
Linde , the world's largest provider of industrial gases, blew away expectations with increased profits in the second quarter. The company, which is now the largest provider of industrial gases, was born out the merger between the Germany-based Linde and Praxair of the U.S. Linde said will be in the range $6.95 to $7.18 a share for the full year, which would mean an increase in profits of up to 16%.
Read the beginning of this article here. The most valuable position in Locust Wood Capital Adviser’s 13F portfolio at the end of March 2019, was in Linde plc (NYSE:LIN). This is one of the biggest industrial gas companies by market share and revenue in the world. For 2018 it reported pro forma sales of $28 […]
CEO of Linde Plc (NYSE:LIN) Stephen F Angel sold 56,574 shares of LIN on 06/06/2019 at an average price of $197.27 a share.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
The largest Insider Buys this week were for Linde PLC (LIN), Keurig Dr Pepper Inc. (KDP), Ford Motor Co. (NYSE:F) and Phillips 66 (PSX). Executive VP Sanjiv Lamba bought 1,900 shares of LIN stock on May 15 at the average price of $179.21. Warning! GuruFocus has detected 7 Warning Signs with LIN.
When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future that could test Germany's brand of "social market" capitalism. Kerkhoff had little choice but to think the unthinkable when the company's share price sank to a 15-year low on May 8. Now Thyssenkrupp's future is in play, with activist investors on the one side baying for a restructuring of the group to drive up value, and its top shareholder - the charitable Krupp foundation - and workers on the other side with a mandate to protect the unity of the company and jobs.
Causeway Capital Management leader Sarah Ketterer (Trades, Portfolio) revealed 10 new positions when she released her first-quarter portfolio earlier this week. Warning! GuruFocus has detected 7 Warning Signs with LIN. Based on these criteria, Ketterer's top five new buys for the quarter were Linde PLC (LIN), Merck & Co. Inc. (MRK), Gerdau SA (GGB), the iShares MSCI Emerging Index Fund (EEM) and Telefonica Brasil SA (VIV).
FRANKFURT/DUESSELDORF (Reuters) - Finland's Kone is assessing the viability of a bid for Thyssenkrupp's 14 billion euro (12 billion pounds) elevators division even as the German conglomerate pursues plans to list it, four people familiar with the matter said. Thyssenkrupp last week ditched a plan to spin off its capital goods business after months of shareholder criticism, and opted instead to list elevators, its most profitable division, to raise badly needed cash. The sources said it was not clear if Kone could fund an all-cash bid and whether or not the deal would face significant anti-trust hurdles similar to Thyssenkrupp's failed steel joint venture with Tata Steel.
Russian gas producer Gazprom is considering using technology made by industrial gases group Linde or Royal Dutch Shell at its Baltic LNG project, Gazprom board member Vitaly Markelov said on Tuesday. Russia ...