Linde plc (NASDAQ:LIN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Linde plc (NASDAQ:LINGet Free Report) has received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $448.93.

A number of equities research analysts recently commented on LIN shares. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and increased their price target for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research started coverage on Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company raised their target price on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a research report on Monday, January 22nd. Finally, Mizuho raised their target price on Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th.

Get Our Latest Research Report on LIN

Linde Price Performance

Shares of NASDAQ:LIN opened at $461.34 on Wednesday. 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 has a twelve month low of $350.60 and a twelve month high of $477.71. The stock’s 50 day moving average is $441.31 and its 200-day moving average is $411.36. The firm has a market capitalization of $222.17 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.03 and a beta of 0.93.

Linde (NASDAQ:LINGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. Linde’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.16 EPS. Sell-side analysts forecast that Linde will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. Linde’s payout ratio is presently 44.13%.

Insider Buying and Selling

In other Linde news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock worth $35,811,988 in the last quarter. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Carmel Capital Partners LLC bought a new position in shares of Linde in the third quarter worth about $26,000. Annapolis Financial Services LLC lifted its holdings 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 acquiring an additional 38 shares during the last quarter. Provence Wealth Management Group bought a new stake in shares of Linde in the 3rd quarter worth about $29,000. Scarborough Advisors LLC bought a new stake in shares of Linde in the 4th quarter worth about $30,000. Finally, FWL Investment Management LLC bought a new stake in shares of Linde in the 4th quarter worth about $30,000. 82.80% of the stock is owned by institutional investors.

Linde Company Profile

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Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South 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 (NASDAQ:LIN)

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