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

Shares of Linde PLC (NASDAQ:LIN) have earned a consensus rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $501.00.

Several analysts have commented on LIN shares. BMO Capital Markets set a $501.00 price objective on shares of Linde in a research report on Wednesday, December 17th. Citigroup lowered their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. CICC Research started coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective for the company. Finally, Weiss Ratings downgraded Linde from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday.

Institutional Trading of Linde

Several hedge funds and other institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC bought a new stake in Linde during the 2nd quarter valued at $25,000. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter worth $27,000. YANKCOM Partnership grew its position in shares of Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde in the third quarter valued at $29,000. Finally, Saranac Partners Ltd bought a new stake in shares of Linde during the 3rd quarter valued at $29,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 1.0%

Shares of NASDAQ:LIN opened at $420.82 on Friday. Linde has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a market capitalization of $196.50 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.85. The business has a fifty day moving average price of $420.03 and a two-hundred day moving average price of $452.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Analysts forecast that Linde will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher?value specialty and electronic gases.