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

Shares of Linde plc (NYSE:LINGet Rating) have been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $352.35.

LIN has been the subject of a number of analyst reports. HSBC cut their target price on Linde from $390.00 to $375.00 and set a “hold” rating for the company in a research note on Tuesday, November 15th. Seaport Res Ptn raised Linde from a “neutral” rating to a “buy” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. cut their target price on Linde from $350.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. UBS Group cut their target price on Linde from $355.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, September 12th. Finally, Cowen cut their target price on Linde to $260.00 in a research note on Thursday, October 20th.

Insider Buying and Selling at Linde

In other Linde news, Director Stephen F. Angel sold 74,227 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $330.51, for a total transaction of $24,532,765.77. Following the sale, the director now owns 345,877 shares in the company, valued at approximately $114,315,807.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Stephen F. Angel sold 74,227 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $330.51, for a total transaction of $24,532,765.77. Following the sale, the director now owns 345,877 shares in the company, valued at $114,315,807.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 2,166 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $335.61, for a total value of $726,931.26. Following the sale, the vice president now owns 20,582 shares in the company, valued at approximately $6,907,525.02. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Linde

Hedge funds have recently made changes to their positions in the business. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Linde during the second quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in Linde by 94.6% in the second quarter. Hexagon Capital Partners LLC now owns 109 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 53 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Linde by 58.0% in the second quarter. FinTrust Capital Advisors LLC now owns 109 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Hanson & Doremus Investment Management boosted its holdings in Linde by 92.3% in the third quarter. Hanson & Doremus Investment Management now owns 125 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 60 shares during the last quarter. Finally, Ellevest Inc. acquired a new position in Linde in the second quarter valued at $35,000. Institutional investors and hedge funds own 78.15% of the company’s stock.

Linde Stock Up 3.5 %

Linde stock opened at $316.16 on Monday. Linde has a twelve month low of $262.47 and a twelve month high of $347.60. The stock has a 50 day moving average of $327.12 and a two-hundred day moving average of $300.82. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $155.73 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.46 and a beta of 0.88.

Linde (NYSE:LINGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The basic materials company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.16. Linde had a return on equity of 14.26% and a net margin of 11.39%. The company had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same period last year, the firm earned $2.73 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts expect that Linde will post 12.03 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, December 1st. Linde’s dividend payout ratio (DPR) is presently 61.90%.

About Linde

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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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