Linde plc (NYSE:LIN) SVP Oliver Pfann Sells 300 Shares

Linde plc (NYSE:LINGet Free Report) SVP Oliver Pfann sold 300 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Linde Stock Up 0.0 %

Shares of NYSE:LIN opened at $419.61 on Tuesday. The stock has a market cap of $203.46 billion, a P/E ratio of 33.30, a PEG ratio of 2.74 and a beta of 0.92. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. Linde plc has a 52-week low of $319.23 and a 52-week high of $434.21. The business has a fifty day moving average of $408.56 and a two-hundred day moving average of $393.67.

Linde (NYSE:LINGet Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.16 EPS. On average, research analysts expect that Linde plc will post 15.55 earnings per share for the current year.

Hedge Funds Weigh In On Linde

Several hedge funds have recently bought and sold shares of LIN. Carmel Capital Partners LLC acquired a new stake in Linde in the 3rd quarter valued at about $26,000. Annapolis Financial Services LLC grew its stake in Linde by 122.6% during 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 during the last quarter. Provence Wealth Management Group purchased a new position in Linde during the 3rd quarter worth approximately $29,000. FWL Investment Management LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $30,000. Finally, Halpern Financial Inc. grew its stake in shares of Linde by 309.5% in the 3rd quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LIN. HSBC increased their target price on Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a research note on Friday, November 24th. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a research report on Monday, January 22nd. Mizuho raised their price objective on Linde from $430.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Wells Fargo & Company raised their price objective on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets raised their price objective on Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $433.14.

Read Our Latest Analysis on Linde

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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