🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Linde plc exec VP sells shares worth over $2 million

Published 12/06/2024, 03:48 PM
LIN
-

Linde (NYSE:LIN) PLC, a leading industrial gases and engineering company, continues to be a significant player in the chemical industry, generating $33 billion in revenue over the last twelve months with a healthy 47.8% gross margin. Investors often monitor insider transactions like these to gain insights into the company's future prospects and the confidence of its executives. InvestingPro analysis reveals the company's strong financial health, with 33 consecutive years of dividend increases and relatively low price volatility (Beta: 0.94). For deeper insights into Linde's valuation and future prospects, subscribers can access the comprehensive Pro Research Report, which includes detailed analysis of the company's financial metrics and growth potential.

Linde PLC, a leading industrial gases and engineering company, continues to be a significant player in the chemical industry, generating $33 billion in revenue over the last twelve months with a healthy 47.8% gross margin. Investors often monitor insider transactions like these to gain insights into the company's future prospects and the confidence of its executives. InvestingPro analysis reveals the company's strong financial health, with 33 consecutive years of dividend increases and relatively low price volatility (Beta: 0.94). For deeper insights into Linde's valuation and future prospects, subscribers can access the comprehensive Pro Research Report, which includes detailed analysis of the company's financial metrics and growth potential.

In other recent news, Linde PLC, a leader in industrial gases and engineering, has seen significant developments in its operations and management. The company revealed that John Panikar, previously Executive Vice President-APAC, will retire on March 31, 2025, with Binod Patwari stepping in as Senior Vice President-APAC from November 2024. This change was disclosed in a recent 8-K filing with the Securities and Exchange Commission.

On the financial front, Linde reported a 2% increase in sales to $8.4 billion in their latest earnings call, largely due to project activity and demand for liquefied natural gas infrastructure. The company also secured a substantial $2 billion contract with Dow Chemical (NYSE:DOW), pushing its project backlog to a record high of $10 billion. For Q4 2024, Linde anticipates an earnings per share (EPS) of $3.86 to $3.96, and forecasts a full-year EPS of $15.40 to $15.50, indicating a 9-10% growth.

BMO Capital Markets expressed confidence in Linde by raising its price target for the company to $507 and maintaining its Outperform rating. These recent developments highlight Linde's strategic focus, operational discipline, and commitment to growth and shareholder value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.