Linde plc (NASDAQ:LIN) Receives $501.82 Consensus PT from Brokerages

Shares of Linde plc (NASDAQ:LIN) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $501.82.

LIN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LIN. Synergy Asset Management LLC bought a new position in shares of Linde during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. increased its holdings in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Putney Financial Group LLC purchased a new position in shares of Linde during the 4th quarter worth about $31,000. Finally, Dunhill Financial LLC purchased a new stake in Linde in the 4th quarter valued at about $34,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $458.53 on Friday. The firm has a market capitalization of $218.33 billion, a PE ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a 50 day moving average price of $437.49 and a 200-day moving average price of $454.56. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts expect that Linde will post 16.54 earnings per share for the current year.

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.