The price of Linde Plc. (NASDAQ:LIN) shares last traded on Wall Street fell -0.20% to $473.94.
LIN stock price is now 11.40% away from the 50-day moving average and 20.13% away from the 200-day moving average. The market capitalization of the company currently stands at $228.24B.
On February 16, 2024, TD Cowen reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $395 to quote $455, while ‘Stifel’ rates the stock as ‘Hold’
In other news, Bichara Guillermo, Exec VP & Chief Legal Officer sold 6,034 shares of the company’s stock on Mar 12 ’24. The stock was sold for $2,842,105 at an average price of $471.01. Upon completion of the transaction, the Exec VP & Chief Legal Officer now directly owns 27,161 shares in the company, valued at $12.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Executive VP, North America Durbin Sean sold 5,277 shares of the business’s stock. A total of $2,466,417 was realized by selling the stock at an average price of $467.39. This leaves the insider owning 8,151 shares of the company worth $3.86 million. A total of 1.70% of the company’s stock is owned by insiders.
During the past 12 months, Linde Plc. has had a low of $324.11 and a high of $477.71. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 0.80, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $243.89B, which is based on a 37.62 price-to-earnings ratio, a 3.90 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for LIN is $426.72 and a two-hundred day moving average price translates $395.12 for the stock.
The latest earnings results from Linde Plc. (NASDAQ: LIN) was released for Dec, 2023. The net profit margin was 18.87% and return on equity was 15.55% for LIN. The company reported revenue of $8.3 billion for the quarter, compared to $7.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.1 percent.
