Linde (NYSE:LIN) Price Target Increased to $463.00 by Analysts at Argus

Posted by Defense World Staff on Aug 2nd, 2023

Linde (NYSE:LIN – Free Report) had its price target boosted by Argus from $440.00 to $463.00 in a research report released on Tuesday, FlyOnTheWall reports.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their target price on Linde from $400.00 to $418.00 in a report on Monday. Citigroup initiated coverage on Linde in a report on Tuesday, June 13th. They issued a buy rating and a $430.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $385.00 to $415.00 in a report on Friday, April 28th. JPMorgan Chase & Co. lifted their target price on Linde from $400.00 to $420.00 in a report on Friday, July 28th. Finally, Wells Fargo & Company raised their price target on Linde from $420.00 to $444.00 and gave the stock an overweight rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $403.00.

Linde Stock Down 0.5 %

LIN stock opened at $388.64 on Tuesday. Linde has a twelve month low of $262.47 and a twelve month high of $393.67. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 0.33. The firm has a market cap of $189.64 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.79 and a beta of 0.84. The business has a 50 day moving average of $371.98 and a 200 day moving average of $356.32.

Linde (NYSE:LIN – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.10. Linde had a return on equity of 16.17% and a net margin of 17.20%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $8.70 billion. During the same quarter last year, the company earned $3.10 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts forecast that Linde will post 14.02 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a dividend of $1.275 per share. The ex-dividend date is Friday, September 1st. This represents a $5.10 annualized dividend and a yield of 1.31%. Linde’s dividend payout ratio (DPR) is presently 44.50%.

Insider Activity at Linde

In related news, VP Sean Durbin sold 1,966 shares of Linde stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $373.46, for a total transaction of $734,222.36. Following the transaction, the vice president now directly owns 8,149 shares in the company, valued at $3,043,325.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Linde news, VP Sean Durbin sold 1,966 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $373.46, for a total transaction of $734,222.36. Following the sale, the vice president now directly owns 8,149 shares of the company’s stock, valued at $3,043,325.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,194 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $371.02, for a total value of $814,017.88. Following the sale, the vice president now directly owns 23,939 shares in the company, valued at $8,881,847.78. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Linde

Large investors have recently made changes to their positions in the company. Guardian Wealth Advisors LLC bought a new stake in shares of Linde in the first quarter worth about $25,000. GoalVest Advisory LLC increased its stake in Linde by 6,500.0% during the second quarter. GoalVest Advisory LLC now owns 66 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in Linde by 51.9% during the first quarter. Strengthening Families & Communities LLC now owns 82 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 28 shares during the last quarter. Manitou Investment Management Ltd. bought a new stake in Linde during the first quarter worth approximately $29,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in Linde during the fourth quarter worth approximately $30,000. 80.44% of the stock is owned by institutional investors.

Linde Company Profile

(Get Free Report)

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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.