Linde PLC (NYSE:LIN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Linde PLC (NYSE:LIN) have been assigned a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $197.85.

Several research analysts have weighed in on LIN shares. Barclays upped their target price on Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Societe Generale reaffirmed a “buy” rating on shares of Linde in a research report on Monday, April 15th. Argus started coverage on Linde in a research report on Friday, March 22nd. They issued a “hold” rating and a $175.10 target price on the stock. ValuEngine lowered Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $189.00 to $206.00 and gave the company an “overweight” rating in a report on Friday, June 7th.

In other news, CEO Stephen F. Angel sold 54,994 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $184.46, for a total transaction of $10,144,193.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen F. Angel sold 56,574 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $197.27, for a total value of $11,160,352.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,397 shares of company stock worth $26,329,540. 0.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Linde during the 4th quarter valued at approximately $4,827,463,000. Norges Bank bought a new stake in Linde during the 4th quarter valued at approximately $2,624,717,000. Massachusetts Financial Services Co. MA bought a new stake in Linde during the 4th quarter valued at approximately $2,336,558,000. Bank of New York Mellon Corp bought a new stake in Linde during the 4th quarter valued at approximately $1,604,835,000. Finally, Deutsche Bank AG bought a new stake in Linde during the 4th quarter valued at approximately $1,315,604,000. 72.84% of the stock is currently owned by institutional investors and hedge funds.

LIN stock traded down $2.20 during mid-day trading on Wednesday, hitting $200.60. The stock had a trading volume of 1,152,759 shares, compared to its average volume of 1,745,993. The company has a quick ratio of 1.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.22. Linde has a 1-year low of $145.95 and a 1-year high of $204.76. The business’s fifty day moving average price is $191.57. The stock has a market cap of $109.88 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72.

Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The company had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.03 billion. As a group, equities analysts anticipate that Linde will post 6.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, May 31st.

About Linde

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Analyst Recommendations for Linde (NYSE:LIN)

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