Linde (LIN) Upgraded by DZ Bank to “Buy”

Linde (NYSE:LIN) was upgraded by equities research analysts at DZ Bank to a “buy” rating in a research note issued to investors on Friday, TipRanks reports.

Several other research firms have also issued reports on LIN. ValuEngine lowered shares of Linde from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Societe Generale reaffirmed a “buy” rating on shares of Linde in a research note on Monday, April 15th. Zacks Investment Research lowered shares of Linde from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. BMO Capital Markets raised shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Monday. Finally, SunTrust Banks lifted their price objective on shares of Linde to $196.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $193.73.

Shares of NYSE:LIN traded up $1.35 during trading on Friday, reaching $189.00. 1,688,190 shares of the company traded hands, compared to its average volume of 1,688,646. The firm has a market capitalization of $98.55 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.77. Linde has a 1-year low of $145.95 and a 1-year high of $189.45. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.22.

Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The company had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. Equities research analysts expect that Linde will post 6.91 earnings per share for the current fiscal year.

In related news, CEO Stephen F. Angel sold 54,994 shares of Linde stock in a transaction on Monday, April 8th. The shares were sold at an average price of $184.46, for a total value of $10,144,193.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anne K. Roby sold 3,159 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $176.77, for a total transaction of $558,416.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,926 shares of company stock valued at $12,140,692. 0.23% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in LIN. Patriot Financial Group Insurance Agency LLC acquired a new position in Linde during the 1st quarter worth $29,000. Truvestments Capital LLC acquired a new position in Linde during the 1st quarter worth $30,000. Heritage Trust Co acquired a new position in Linde during the 4th quarter worth $31,000. Kings Point Capital Management acquired a new position in Linde during the 4th quarter worth $31,000. Finally, Sharkey Howes & Javer acquired a new position in Linde during the 4th quarter worth $31,000. 74.12% of the stock is owned by hedge funds and other institutional investors.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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