Linde PLC reported a favorable
Q4 earnings, beating estimates due to higher prices. Despite this,
Cambridge Investment Research Advisors Inc. and
Stifel Financial Corp. amongst others decided to sell their Linde stock. The company's CEO,
Sanjiv Lamba, also sold 8,306 shares. However, Linde's stock price crossed well above its 200-day average, and the company declared an increased dividend payment. The stock's momentum has been strong though it has seen some dips. The market consensus suggests that Linde is a good investment, despite some downgrades, including the one by Citi. The company is highly engaged in
hydrogen products and is considered a solid investment in this sphere. The company’s positive EPS growth forecast for FY24 signifies its cost management and pricing strategy effectiveness. Notably, Linde was ranked as the least shorted S&P 500 materials stock as of January.
Linde Stocks LIN News Analytics from Fri, 11 Aug 2023 07:00:00 GMT to Wed, 29 May 2024 04:25:00 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor -7
