Linde PLC

LIN: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$948.00NxcrJrdgysxv

Linde Raises Full-Year 2022 Outlook After Strong First Quarter; Increasing FVE

Narrow-moat-rated Linde posted strong first-quarter results, featuring 13% sales growth and an 18% increase in adjusted EPS from the same period last year. Management raised its full-year 2022 guidance and now expects adjusted EPS in the range of $11.65-$11.90, up from $11.55-$11.85 previously. We’ve raised our fair value estimate for Linde to $333 from $325, which reflects the firm’s strong first-quarter results as well as time value of money.

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