Brokerages Set Linde plc (NASDAQ:LIN) PT at $501.82

Shares of Linde plc (NASDAQ:LINGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $501.82.

A number of brokerages recently commented on LIN. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Get Our Latest Stock Analysis on LIN

Linde Stock Up 1.8 %

LIN stock opened at $446.38 on Tuesday. Linde has a twelve month low of $396.07 and a twelve month high of $487.49. The firm has a market capitalization of $212.55 billion, a PE ratio of 33.89, a PEG ratio of 2.74 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $434.86 and a two-hundred day simple moving average of $453.22.

Linde (NASDAQ:LINGet Free Report) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 EPS. On average, equities analysts predict that Linde will post 15.45 EPS for the current fiscal year.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% 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 company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the period. International Assets Investment Management LLC increased its stake in shares of Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after buying an additional 934,123 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares in the last quarter. AMF Tjanstepension AB lifted its stake in Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Finally, KBC Group NV grew its holdings in Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after acquiring an additional 353,136 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

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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