Shares of Linde PLC (NYSE:LIN) have received a consensus recommendation of “Buy” from the seventeen analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $185.20.
LIN has been the subject of several research analyst reports. Nord/LB reissued a “neutral” rating on shares of Linde in a report on Tuesday, November 20th. UBS Group started coverage on Linde in a research note on Thursday, December 6th. They set a “buy” rating for the company. Zacks Investment Research cut Linde from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Citigroup started coverage on Linde in a research note on Monday, January 7th. They set a “buy” rating for the company. Finally, Societe Generale started coverage on Linde in a research note on Tuesday, January 8th. They set a “buy” rating and a $190.00 price target for the company.
Shares of LIN stock traded down $2.44 during trading hours on Monday, hitting $173.99. The stock had a trading volume of 19,189 shares, compared to its average volume of 1,737,079. The company has a market capitalization of $97.22 billion, a P/E ratio of 29.75, a PEG ratio of 1.88 and a beta of 0.78. Linde has a twelve month low of $145.95 and a twelve month high of $176.96. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, March 7th. Linde’s dividend payout ratio (DPR) is 28.21%.
In related news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $164.99, for a total transaction of $1,278,507.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 1,800 shares of the stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total value of $284,454.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of LIN. Private Trust Co. NA acquired a new stake in Linde in the 4th quarter worth about $542,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Linde in the 4th quarter worth about $2,910,000. Tower View Investment Management & Research LLC purchased a new position in shares of Linde in the 4th quarter worth about $37,000. Confluence Investment Management LLC purchased a new position in shares of Linde in the 4th quarter worth about $115,455,000. Finally, Bath Savings Trust Co purchased a new position in shares of Linde in the 4th quarter worth about $322,000. 70.02% of the stock is currently owned by hedge funds and other institutional investors.
Linde Company Profile
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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