Linde (NASDAQ:LIN – Get Free Report) had its price target boosted by analysts at UBS Group from $574.00 to $585.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. UBS Group‘s price objective would suggest a potential upside of 13.76% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Argus dropped their price objective on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. DZ Bank reissued a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research note on Monday, October 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $550.67.
View Our Latest Analysis on Linde
Linde Price Performance
Shares of NASDAQ:LIN opened at $514.24 on Friday. The firm’s 50 day moving average is $483.53 and its two-hundred day moving average is $492.35. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $237.05 billion, a P/E ratio of 34.17, a PEG ratio of 3.00 and a beta of 0.71. Linde has a 52 week low of $387.78 and a 52 week high of $548.20.
Linde (NASDAQ:LIN – Get Free Report) last issued its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. Linde had a return on equity of 20.32% and a net margin of 19.34%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the firm posted $4.21 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Linde will post 17.88 earnings per share for the current year.
Institutional Trading of Linde
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Linde by 3.7% during the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. Amundi boosted its position in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after purchasing an additional 373,012 shares during the period. Dimensional Fund Advisors LP boosted its position in Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after purchasing an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock worth $805,475,000 after purchasing an additional 361,664 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Linde by 6.6% in the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after purchasing an additional 85,360 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Company Profile
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.
Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.
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