Linde plc (NASDAQ:LIN) Receives $501.82 Average PT from Analysts

Linde plc (NASDAQ:LIN) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $501.82.

LIN has been the topic of several analyst reports. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Linde

Several institutional investors have recently modified their holdings of LIN. Creative Planning lifted its position in Linde by 8.5% in the second quarter. Creative Planning now owns 51,633 shares of the basic materials company’s stock valued at $22,657,000 after acquiring an additional 4,036 shares during the last quarter. Copperwynd Financial LLC lifted its position in Linde by 5.0% in the second quarter. Copperwynd Financial LLC now owns 564 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 27 shares during the last quarter. NewEdge Advisors LLC lifted its position in Linde by 23.7% in the second quarter. NewEdge Advisors LLC now owns 37,602 shares of the basic materials company’s stock valued at $16,500,000 after acquiring an additional 7,197 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Linde by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,237 shares of the basic materials company’s stock valued at $10,199,000 after acquiring an additional 1,199 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in Linde in the second quarter valued at $88,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Up 1.8 %

LIN stock opened at $454.21 on Tuesday. The firm has a market cap of $216.28 billion, a PE ratio of 34.49, a PEG ratio of 2.77 and a beta of 0.94. 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 firm’s 50 day moving average price is $434.54 and its 200-day moving average price is $453.31. Linde has a one year low of $396.07 and a one year high of $487.49.

Linde Company Profile

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.