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

Linde plc (NYSE:LINGet Rating) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $367.71.

Several equities analysts recently commented on LIN shares. Cowen cut their price target on shares of Linde from $345.00 to $330.00 and set a “market perform” rating on the stock in a report on Thursday, March 3rd. AlphaValue upgraded shares of Linde to a “reduce” rating in a research note on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $352.00 target price on shares of Linde in a research note on Friday, April 29th. Jefferies Financial Group dropped their target price on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. Finally, Evercore ISI upgraded shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 target price on the stock in a research note on Tuesday, May 31st.

In related news, VP Andreas Opfermann sold 186 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $311.55, for a total transaction of $57,948.30. Following the completion of the sale, the vice president now owns 1,671 shares of the company’s stock, valued at $520,600.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Linde by 0.3% in the first quarter. Vanguard Group Inc. now owns 45,790,090 shares of the basic materials company’s stock worth $14,626,729,000 after buying an additional 125,709 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Linde by 5.6% during the first quarter. BlackRock Inc. now owns 25,679,214 shares of the basic materials company’s stock worth $8,202,713,000 after purchasing an additional 1,368,221 shares during the last quarter. State Street Corp raised its holdings in shares of Linde by 0.8% during the fourth quarter. State Street Corp now owns 20,502,349 shares of the basic materials company’s stock worth $7,102,629,000 after purchasing an additional 159,464 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Linde by 4.2% during the first quarter. Capital Research Global Investors now owns 13,695,330 shares of the basic materials company’s stock worth $4,376,207,000 after purchasing an additional 552,675 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Linde by 18.5% during the first quarter. Capital International Investors now owns 9,286,111 shares of the basic materials company’s stock worth $2,966,719,000 after purchasing an additional 1,450,317 shares during the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.

Shares of Linde stock opened at $298.40 on Thursday. The company has a market capitalization of $150.01 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.72 and a current ratio of 0.84. The company has a fifty day moving average of $313.41 and a 200 day moving average of $315.20. Linde has a fifty-two week low of $267.51 and a fifty-two week high of $352.18.

Linde (NYSE:LINGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The basic materials company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.78 by $0.15. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Linde had a net margin of 12.66% and a return on equity of 12.62%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. Analysts forecast that Linde will post 11.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $4.68 dividend on an annualized basis and a yield of 1.57%. Linde’s payout ratio is 60.31%.

Linde Company Profile (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.

Further Reading

Analyst Recommendations for Linde (NYSE:LIN)

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