Linde (LIN) Stock Price, News & Analysis

Company Overview

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. 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.

Key Stats

• Today's Range: $464.73 to $471.66
• 50-Day Range: $434.89 to $478.25
• 52-Week Range: $361.02 to $479.79
• Volume: 1.15 million shs
• Average Volume: 1.88 million shs
• Market Capitalization: $224.49 billion
• P/E Ratio: 36.23
• Dividend Yield: 1.19%
• Price Target: $484.18
• Consensus Rating: Moderate Buy

Linde Stock Analysis - MarketRank™

Linde scored higher than 73% of companies evaluated by MarketBeat, and ranked 85th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Linde has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Linde has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.10%

Earnings Growth

Earnings for Linde are expected to grow by 10.10% in the coming year, from $15.54 to $17.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Linde is 36.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Linde is 36.23, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.72.

Price to Earnings Growth Ratio

Linde has a PEG Ratio of 2.93. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Linde has a P/B Ratio of 5.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% of the float of Linde has been sold short.

Short Interest Ratio / Days to Cover

Linde has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Linde has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Linde pays a meaningful dividend of 1.19%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Linde does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Linde is 43.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Linde will have a dividend payout ratio of 32.50% next year. This indicates that Linde will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.11% of the float of Linde has been sold short.

Short Interest Ratio / Days to Cover

Linde has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Linde has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.76

News Sentiment

Linde has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Linde this week, compared to 11 articles on an average week.

Search Interest

Only 18 people have searched for LIN on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added Linde to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Linde insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,639,069.00 in company stock.

Percentage Held by Insiders

Only 0.70% of the stock of Linde is held by insiders.

Percentage Held by Institutions

82.80% of the stock of Linde is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LIN Stock Analysis - Frequently Asked Questions

How have LIN shares performed this year?

Linde's stock was trading at $410.71 on January 1st, 2024. Since then, LIN shares have increased by 13.7% and is now trading at $467.03.
View the best growth stocks for 2024 here.

How were Linde's earnings last quarter?

Linde plc (NASDAQ:LIN) released its quarterly earnings data on Friday, August, 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.06. Linde's revenue was up 1.2% compared to the same quarter last year.

Who are Linde's major shareholders?

Linde's top institutional shareholders include Massachusetts Financial Services Co. MA (1.95%), Bank of New York Mellon Corp (1.48%), Ameriprise Financial Inc. (0.72%) and Legal & General Group Plc (0.72%). Insiders that own company stock include Stephen F Angel, Matthew J White, Sanjiv Lamba, Guillermo Bichara, David P Strauss, John Panikar, Sean Durbin, Juergen Nowicki, Andreas Opfermann and Oliver Pfann.
View institutional ownership trends.

How do I buy shares of Linde?

Shares of LIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 9/18 Dividend: 9/04/2024
• Today: 9/18/2024
• Dividend Payable: 9/18/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Industrial inorganic chemicals
• Sub-Industry: Chemicals
• Current Symbol: NASDAQ:LIN
• Previous Symbol: NASDAQ:LIN
• CUSIP: N/A
• CIK: 1575571
• Web: www.linde.com
• Phone: 441483242200
• Fax: 800-772-9985
• Employees: 66,323
• Year Founded: 1879

Price Target and Rating

• Average Stock Price Target: $484.18
• High Stock Price Target: $540.00
• Low Stock Price Target: $429.00
• Potential Upside/Downside: +3.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.54
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $12.89
• Trailing P/E Ratio: 36.23
• Forward P/E Ratio: 30.05
• P/E Growth: 2.93
• Net Income: $6.20 billion
• Net Margins: 19.49%
• Pretax Margin: 25.24%
• Return on Equity: 17.92%
• Return on Assets: 9.04%

Debt

• Debt-to-Equity Ratio: 0.43
• Current Ratio: 0.95
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $32.82 billion
• Price / Sales: 6.84
• Cash Flow: $22.27 per share
• Price / Cash Flow: 20.97
• Book Value: $84.72 per share
• Price / Book: 5.51

Miscellaneous

• Outstanding Shares: 480,676,000
• Free Float: 477,311,000
• Market Cap: $224.49 billion
• Optionable: Not Optionable
• Beta: 0.94