5 Best German Stocks to Buy Now

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1. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 55

Linde plc (NYSE:LIN) tops our list of the best German stocks to buy now. It is a global multinational industrial gases and engineering company that has been utilizing the power of hydrogen for over 100 years. Linde plc (NYSE:LIN) is the global leader in the production, processing, and distribution of hydrogen.

Recently, Linde plc (NYSE:LIN) announced the expansion of its production capacity in Florida, U.S. to meet the demand for industrial gases. The project is expected to be completed in 2023. In Q2 2021, Linde plc (NYSE:LIN) posted an EPS of $2.70, beating the consensus by $0.17.  The company reported revenue of $7.6 billion, presenting a 19.1% year-over-year growth. After solid quarterly earnings, Linde plc (NYSE:LIN) raised its full-year 2021 guidance and now expects adjusted EPS between $10.10 and $10.30 versus estimates of $10.04. In August, JPMorgan and Wells Fargo lifted their price targets on Linde plc (NYSE:LIN) to $356 and $360, respectively. Both the firms keep an ‘Overweight’ rating on the company’s shares. Since the beginning of the year, Linde plc (NYSE:LIN) delivered a 20.7% return to shareholders, while its 12-month returns came in at 24.6%.

Of the 873 hedge funds tracked by Insider Monkey, 55 hedge funds have positions in Linde plc (NYSE:LIN), worth over $5.9 billion. In Q1 2021, 43 hedge funds had positions in the company, with a total value of $4.63 billion.

You can also take a look at 10 Best Undervalued Dividend Stocks to Buy Now and 10 Stocks that Released Solid Quarterly Earnings

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