Deutsche Bank Aktiengesellschaft Boosts Linde (NASDAQ:LIN) Price Target to $515.00

Linde (NASDAQ:LIN) had its target price raised by stock analysts at Deutsche Bank Aktiengesellschaft from $510.00 to $515.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 12.62% from the company’s current price.

Other research analysts also recently issued research reports about the company. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America upped their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Performance

Shares of LIN stock opened at $457.31 on Friday. The firm has a 50 day moving average of $472.87 and a two-hundred day moving average of $451.86. The stock has a market capitalization of $218.37 billion, a PE ratio of 34.72, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde has a 52 week low of $385.12 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the business posted $3.63 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict that Linde will post 15.52 EPS for the current fiscal year.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Linde

Several large investors have recently modified their holdings of the business. Clearbridge Investments LLC boosted its stake in shares of Linde by 566.9% during the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after acquiring an additional 1,558,538 shares during the last quarter. Swedbank AB purchased a new position in Linde in the 2nd quarter valued at about $420,720,000. International Assets Investment Management LLC boosted its stake in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Linde by 91.6% during the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after buying an additional 463,096 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $210,480,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

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.