Linde plc (NASDAQ:LIN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Linde plc (NASDAQ:LINGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $448.93.

Several brokerages have recently weighed in on LIN. Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Wolfe Research started coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. TD Cowen upped their price target on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and upped their price target for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Finally, Wells Fargo & Company upped their price target on shares of Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th.

Check Out Our Latest Research Report on LIN

Insider Buying and Selling

In related news, CFO Matthew J. White sold 51,231 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the completion of the sale, the chief financial officer now directly owns 57,634 shares in the company, valued at $26,271,882.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the completion of the transaction, the chief financial officer now owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Linde

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Linde by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 44,270,204 shares of the basic materials company’s stock worth $18,182,215,000 after purchasing an additional 210,911 shares during the period. State Street Corp boosted its position in shares of Linde by 0.7% in the 2nd quarter. State Street Corp now owns 20,118,836 shares of the basic materials company’s stock worth $7,666,886,000 after buying an additional 134,593 shares in the last quarter. FMR LLC boosted its position in shares of Linde by 2.6% in the 3rd quarter. FMR LLC now owns 13,919,350 shares of the basic materials company’s stock worth $5,182,870,000 after buying an additional 354,506 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Linde by 6.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,587,362 shares of the basic materials company’s stock worth $2,315,068,000 after purchasing an additional 488,655 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

Shares of NASDAQ LIN opened at $461.34 on Wednesday. The company has a market capitalization of $222.17 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 3.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The company has a 50 day simple moving average of $441.31 and a two-hundred day simple moving average of $411.36. Linde has a fifty-two week low of $350.60 and a fifty-two week high of $477.71.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that Linde will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.39 per share. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, March 13th. Linde’s dividend payout ratio (DPR) is presently 44.13%.

About Linde

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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.

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Analyst Recommendations for Linde (NASDAQ:LIN)

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