Linde (NASDAQ:LIN) Price Target Cut to $452.00

Linde (NASDAQ:LIN) had its price objective dropped by stock analysts at HSBC from $458.00 to $452.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. HSBC’s price target points to a potential upside of 5.12% from the company’s current price.

Several other research analysts also recently weighed in on LIN. Wells Fargo & Company upped their target price on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a report on Monday, January 22nd. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and raised their price objective for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, BMO Capital Markets decreased their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $464.69.

Linde Stock Up 0.8 %

Linde stock opened at $430.00 on Monday. The stock has a fifty day simple moving average of $454.81 and a two-hundred day simple moving average of $424.19. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The firm has a market cap of $206.69 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.78 and a beta of 0.94. Linde has a 12 month low of $350.60 and a 12 month high of $477.71.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.42 earnings per share. Equities analysts predict that Linde will post 15.5 EPS for the current fiscal year.

Insider Activity at Linde

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

Institutional Investors Weigh In On Linde

Large investors have recently modified their holdings of the business. Retirement Group LLC bought a new position in Linde in the first quarter worth approximately $25,000. Carmel Capital Partners LLC purchased a new position in Linde in the third quarter valued at about $26,000. Annapolis Financial Services LLC lifted its position in shares of Linde by 122.6% during the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after buying an additional 38 shares during the last quarter. Provence Wealth Management Group bought a new stake in shares of Linde in the 3rd quarter valued at about $29,000. Finally, First Pacific Financial purchased a new position in shares of Linde in the 1st quarter worth approximately $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.