Linde (NASDAQ:LIN - Free Report) had its price objective lowered by Citigroup from $490.00 to $480.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company's stock.
Other research analysts have also recently issued reports about the stock. 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. Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Erste Group Bank reissued a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $490.75.
Check Out Our Latest Stock Analysis on LIN
Linde Price Performance
NASDAQ:LIN traded down $7.93 during trading hours on Wednesday, hitting $422.27. The company's stock had a trading volume of 3,268,635 shares, compared to its average volume of 1,879,772. Linde has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The business's 50-day moving average is $459.10 and its two-hundred day moving average is $455.34. The company has a market capitalization of $201.07 billion, a PE ratio of 32.06, a PEG ratio of 2.79 and a beta of 0.93.
Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm posted $3.63 EPS. The business's revenue was up 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Linde will post 15.48 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, December 3rd. Linde's dividend payout ratio is currently 42.22%.
Insider Buying and Selling
In other news, Director Paula Rosput Reynolds acquired 100 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Linde
Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in shares of Linde in the 2nd quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the second quarter valued at about $33,000. Kozak & Associates Inc. acquired a new stake in shares of Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in Linde during the 3rd quarter valued at $43,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Linde by 133.3% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.
Linde Company Profile
(
Get Free Report)
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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