Linde plc (NASDAQ:LIN) Receives $490.75 Average Price Target from Brokerages

Shares of Linde plc (NASDAQ:LIN) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $490.75.

LIN has been the topic of several analyst reports. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th.

Linde Trading Down 1.0 %

Linde stock opened at $449.10 on Thursday. The firm has a 50-day moving average price of $470.08 and a two-hundred day moving average price of $452.64. Linde has a 52-week low of $396.07 and a 52-week high of $487.49. The firm has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.92 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.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm earned $3.63 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts expect that Linde will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. Linde’s dividend payout ratio is 42.22%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Linde

A number of institutional investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC raised its holdings in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its position in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the last quarter. Finally, Nwam LLC grew its stake in Linde by 2.5% in the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock worth $421,000 after buying an additional 24 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

About Linde

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.