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

Linde plc (NYSE:LINGet Free Report) has received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $433.14.

Several brokerages have recently issued reports on LIN. HSBC upped their target price on shares of Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a research note on Friday, November 24th. BMO Capital Markets lifted their price objective on shares of Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Mizuho boosted their price objective on shares of Linde from $430.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a report on Monday, January 22nd. Finally, Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th.

Read Our Latest Research Report on Linde

Linde Stock Performance

Shares of NYSE:LIN opened at $419.61 on Tuesday. Linde has a 12 month low of $319.23 and a 12 month high of $434.21. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $408.56 and a 200-day moving average price of $393.67. The company has a market cap of $203.46 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 2.74 and a beta of 0.92.

Linde (NYSE:LINGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.16 earnings per share. As a group, equities analysts anticipate that Linde will post 15.55 EPS for the current year.

Insiders Place Their Bets

In other Linde news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Linde

Institutional investors have recently made changes to their positions in the stock. Annapolis Financial Services LLC boosted its position in shares of Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Linde during the 3rd quarter valued at about $26,000. Johnson Financial Group Inc. increased its position in Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Provence Wealth Management Group acquired a new stake in Linde during the 3rd quarter worth approximately $29,000. Finally, Addison Advisors LLC increased its position in Linde by 310.0% during the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 62 shares in the last quarter. 80.98% of the stock is currently owned by hedge funds and other institutional investors.

Linde Company Profile

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Linde plc operates as an industrial gas 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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