Linde plc (NYSE:LIN) Receives Consensus Rating of “Buy” from Analysts

Linde plc (NYSE:LINGet Rating) has received a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $366.15.

Several brokerages have issued reports on LIN. Zacks Investment Research upgraded shares of Linde from a “sell” rating to a “hold” rating and set a $312.00 price target on the stock in a research note on Monday, February 14th. Cowen lowered their price target on shares of Linde from $345.00 to $330.00 and set a “market perform” rating on the stock in a research note on Thursday, March 3rd. AlphaValue upgraded shares of Linde to a “reduce” rating in a research note on Tuesday, May 3rd. HSBC lifted their price target on shares of Linde from $366.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, February 18th. Finally, Jefferies Financial Group started coverage on shares of Linde in a research note on Wednesday, March 30th. They set a “buy” rating and a $390.00 price objective on the stock.

LIN opened at $329.63 on Friday. The stock has a market capitalization of $165.71 billion, a P/E ratio of 42.48, a P/E/G ratio of 2.61 and a beta of 0.85. Linde has a 12 month low of $267.51 and a 12 month high of $352.18. The firm’s fifty day simple moving average is $315.30 and its 200 day simple moving average is $316.97. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29.

Linde (NYSE:LINGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The basic materials company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.15. Linde had a net margin of 12.66% and a return on equity of 12.62%. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the previous year, the business earned $2.49 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Linde will post 11.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 3rd will be paid a $1.17 dividend. The ex-dividend date is Thursday, June 2nd. This represents a $4.68 dividend on an annualized basis and a yield of 1.42%. Linde’s dividend payout ratio (DPR) is currently 60.31%.

In related news, VP Andreas Opfermann sold 186 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $311.55, for a total value of $57,948.30. Following the transaction, the vice president now owns 1,671 shares in the company, valued at approximately $520,600.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC grew its stake in Linde by 105.9% in the 1st quarter. Walleye Capital LLC now owns 3,605 shares of the basic materials company’s stock valued at $1,152,000 after buying an additional 1,854 shares during the last quarter. Martin Currie Ltd. boosted its holdings in Linde by 21.5% in the 1st quarter. Martin Currie Ltd. now owns 638,891 shares of the basic materials company’s stock valued at $204,081,000 after purchasing an additional 113,053 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Linde by 101.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,335 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 1,176 shares during the period. M Holdings Securities Inc. bought a new stake in Linde in the 1st quarter valued at about $256,000. Finally, Neuberger Berman Group LLC boosted its holdings in Linde by 31.8% in the 1st quarter. Neuberger Berman Group LLC now owns 569,372 shares of the basic materials company’s stock valued at $181,911,000 after purchasing an additional 137,442 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

About Linde (Get Rating)

Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It 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.

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Analyst Recommendations for Linde (NYSE:LIN)

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