Movement Alert｜Linde PLC Overnight Rise 3.12%, Earnings Preview and Bullish Analyst Target Revisions Support Sentiment

Market Focus10-29 09:57

On October 29, Linde PLC rose 3.12% Overnight, trading at $524.0 per share, with turnover of $65.9 thousand.

The move was accompanied by an earnings preview showing consensus expectations for quarterly revenue of $9.14 billion, up 6.18% year over year, and adjusted EPS of $4.52, up 8.10%, alongside a still-constructive analyst stance.

Background context shows the company is scheduled to report before the market opens on October 29. In the prior quarter, Linde PLC posted adjusted EPS of $4.50 on revenue of $9.29 billion, both ahead of expectations, and guided third-quarter adjusted EPS to $4.45-$4.55. More recently, Jefferies raised its price target to $591 from $560, while multiple other firms maintained overweight, buy, or outperform-equivalent ratings with targets generally above the latest trading level. The company also kept its quarterly dividend at $1.60 per share and recently expanded industrial gas capacity for Tata Steel in India under a long-term agreement, reinforcing visibility on project-backed growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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