5 Best International Stocks to Invest In

2. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 54

Linde plc (NYSE:LIN) operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. Wall Street is bullish on Linde plc (NYSE:LIN). On August 2, Deutsche Bank analyst David Begleiter reiterated a Buy rating on the stock after adjusting his price target to EUR 350 from EUR 352.

On July 25, Linde plc (NYSE:LIN) declared a quarterly cash dividend of $1.17 per share of the company’s common stock. The dividend is payable on September 16 to shareholders of record on September 2. As of August 3, the stock has a forward dividend yield of 1.56% and trailing twelve-month free cash flows of $6.86 billion.

On July 28, Linde plc (NYSE:LIN) released earnings for the fiscal second quarter of 2022. The company reported earnings per share of $3.10 and beat EPS estimates by $0.14. The company’s revenue for the quarter came in at $8.46 billion, up 11.51% year over year, and outperformed market consensus by $66.23 million. Linde plc (NYSE:LIN) also raised its full-year guidance and announced that it sees adjusted EPS for fiscal year 2022 in a range between $11.73 and $11.93, up 10% to 12% from its prior guidance of between $11.65 and $11.90.

As of June 30, Impax Asset Management owns more than 2.9 million shares of Linde plc (NYSE:LIN) and is the largest shareholder in the company.

At the end of Q1 2022, 54 hedge funds held stakes in Linde plc (NYSE:LIN). The total value of these stakes amounted to $4.81 billion, up from $4.62 billion in the preceding quarter with 45 positions. The hedge fund sentiment for the stock is positive.