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

Linde plc (NASDAQ:LIN) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $501.82.

Several research analysts recently issued reports on the company. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Linde

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC grew its position in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares during the period. Prentice Wealth Management LLC grew its position in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC grew its position in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the period. Finally, Concord Asset Management LLC VA grew its position in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 23 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 1.8 %

Shares of NASDAQ:LIN opened at $454.21 on Tuesday. Linde has a 52-week low of $396.07 and a 52-week high of $487.49. The stock has a market cap of $216.28 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The business’s 50 day moving average is $434.54 and its 200 day moving average is $453.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

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.