In yesterday’s Wall Street session, Linde plc (NYSE:LIN) shares traded at $384.63, down -0.92% from the previous session.
As of this writing, 32 analysts cover Linde plc (NYSE:LIN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $450.00 and a low of $339.00, we find $414.79. Given the previous closing price of $388.21, this indicates a potential upside of 6.85 percent. LIN stock price is now 3.98% away from the 50-day moving average and 12.40% away from the 200-day moving average. The market capitalization of the company currently stands at $186.87B.
There are 4 analysts who have given it a hold rating, whereas 23 have given it a buy rating. Brokers who have rated the stock have averaged $411.70 as their price target over the next twelve months.
With the price target of $430, Citigroup recently initiated with Buy rating for Linde plc (NYSE: LIN).
In other news, Durbin Sean, Executive VP, EMEA sold 1,966 shares of the company’s stock on Jun 14. The stock was sold for $734,222 at an average price of $373.46. Upon completion of the transaction, the Executive VP, EMEA now directly owns 8,149 shares in the company, valued at $3.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Executive VP, Chief HR Officer Strauss David P sold 2,194 shares of the business’s stock. A total of $814,016 was realized by selling the stock at an average price of $371.02. This leaves the insider owning 23,939 shares of the company worth $9.21 million. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LIN stock. A new stake in Linde plc shares was purchased by MACKENZIE FINANCIAL CORP during the first quarter worth $487,365,000. C WORLDWIDE GROUP HOLDING A/S invested $478,374,000 in shares of LIN during the first quarter. In the first quarter, INTERMEDE INVESTMENT PARTNERS LTD acquired a new stake in Linde plc valued at approximately $271,945,000. ALPHINITY INVESTMENT MANAGEMENT PTY LTD acquired a new stake in LIN for approximately $259,481,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in LIN valued at around $256,394,000 in the second quarter. In total, there are 2,387 active investors with 85.80% ownership of the company’s stock.
Thursday morning saw Linde plc (NYSE: LIN) opened at $388.21. During the past 12 months, Linde plc has had a low of $262.47 and a high of $391.61. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.70, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $202.45B, which is based on a 42.73 price-to-earnings ratio, a 4.10 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for LIN is $370.23 and a two-hundred day moving average price translates $342.75 for the stock.
The latest earnings results from Linde plc (NYSE: LIN) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $3.42, beating analysts’ expectations of $3.13 by 0.29. This compares to $2.37 EPS in the same period last year. The net profit margin was 13.50% and return on equity was 11.40% for LIN. The company reported revenue of $8.19 billion for the quarter, compared to $8.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.22 percent. For the current quarter, analysts expect LIN to generate $8.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/19/2023. Investors who held shares on 09/05/2023 were paid a $1.275 dividend. On an annualized basis, this represents a $4.40 dividend and a 1.14% percent yield. There was an ex-dividend date of 09/01/2023 for this dividend. In terms of dividend payout ratio, LIN is presently at 52.70%.
Linde plc(LIN) Company Profile
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves a range of industries, including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. The company was founded in 1879 and is based in Woking, the United Kingdom.
