5 Best German Stocks to Buy Now

1. Linde plc (NYSE:LIN)

Linde plc (NYSE:LIN) is a leading German industrial gas company and has operations in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. On July 28, Linde plc (NYSE:LIN) released earnings for the fiscal second quarter of 2022. The company registered an EPS of $3.10 and beat Wall Street expectations by $0.14. The company generated a revenue of $8.46 billion, up 11.51% year over year, and beat revenue expectations by $66.23 million.

Shortly after its earnings release, Linde plc (NYSE:LIN) raised its full-year adjusted EPS guidance for fiscal year 2022 and said that it now sees its adjusted EPS in a range between $11.73 and $11.93, up from its prior guidance of between $11.65 and $11.90. On August 2, Deutsche Bank analyst David Begleiter revised his price target on Linde plc (NYSE:LIN) to EUR 350 from EUR 352 and reiterated a Buy rating on the shares.

As of June 30, Impax Asset Management‘s stake in Linde plc (NYSE:LIN) is valued at $935.4 million. The fund owns roughly 2.9 million shares of Linde plc (NYSE:LIN) and is the most prominent shareholder in the company.

At the close of the first quarter of 2022, 54 hedge funds were long Linde plc (NYSE:LIN) with stakes worth $4.81 billion. This is compared to 45 positions in the previous quarter with stakes worth $4.62 billion. The hedge fund sentiment for the stock is positive.

You can also take a look at 15 Most Valuable German Companies and 10 European Defense Stocks to Buy Now.

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