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

Linde plc (NASDAQ:LINGet Free Report) has received an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $468.83.

LIN has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Mizuho increased their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Wolfe Research began coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and raised their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th.

Check Out Our Latest Research Report on LIN

Linde Stock Performance

Linde stock opened at $442.75 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde has a 1-year low of $358.37 and a 1-year high of $477.71. The firm has a market capitalization of $212.82 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company’s 50-day moving average is $436.28 and its 200 day moving average is $432.55.

Linde (NASDAQ:LINGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period in the prior year, the company posted $3.42 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts forecast that Linde will post 15.51 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $1.39 per share. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. Linde’s dividend payout ratio is presently 43.13%.

Hedge Funds Weigh In On Linde

Hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Group LLC acquired a new stake in Linde in the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in Linde in the first quarter valued at approximately $30,000. Scarborough Advisors LLC acquired a new stake in Linde in the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC boosted its stake in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Company Profile

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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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