Linde (NASDAQ:LIN) Price Target Raised to $512.00

Linde (NASDAQ:LIN) had its price target increased by equities researchers at Mizuho from $510.00 to $512.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Mizuho’s price target indicates a potential upside of 20.87% from the company’s previous close.

Several other equities analysts have also issued reports on the company. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wells Fargo & Company upped their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price target for the company. in a research report on Monday, January 22nd. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Wolfe Research started coverage on Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $460.15.

Linde Stock Up 0.9 %

NASDAQ:LIN opened at $423.60 on Friday. Linde has a 1 year low of $350.60 and a 1 year high of $477.71. The stock has a 50-day moving average price of $455.47 and a two-hundred day moving average price of $422.69. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same period in the previous year, the firm earned $3.42 EPS. Linde’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts expect that Linde will post 15.49 earnings per share for the current year.

Insider Activity at Linde

In related news, VP Sean Durbin sold 5,277 shares of the 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 sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Juergen Nowicki sold 13,134 shares of the 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 owns 6,920 shares in the company, valued at approximately $3,177,248.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the 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 transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,248 shares of company stock worth $35,811,988. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Retirement Group LLC acquired a new position in shares of Linde during the 1st quarter worth approximately $25,000. First Pacific Financial bought a new stake in shares of Linde in the first quarter valued at approximately $30,000. Annapolis Financial Services LLC grew its position in Linde by 122.6% during the third 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 bought a new position in Linde during the 3rd quarter worth $26,000. Finally, Scarborough Advisors LLC acquired a new position in Linde in the 4th quarter valued at $30,000. Institutional investors own 82.80% of the company’s stock.

Linde Company Profile

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.