Linde (LIN) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of Linde (NYSE:LIN) in a report released on Monday, The Fly reports. The firm set an “overweight” rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. Edward Jones started coverage on Linde in a research note on Wednesday, October 31st. They issued a “buy” rating for the company. UBS Group initiated coverage on Linde in a research note on Thursday, December 6th. They set a “buy” rating for the company. Kepler Capital Markets reiterated a “buy” rating on shares of Linde in a research note on Thursday, November 15th. Deutsche Bank initiated coverage on Linde in a research note on Thursday, November 15th. They set a “buy” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research note on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $184.33.

Shares of LIN opened at $160.21 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70. The stock has a market capitalization of $45.57 billion, a PE ratio of 27.39, a PEG ratio of 1.79 and a beta of 0.80. Linde has a one year low of $145.95 and a one year high of $166.85.



In other Linde news, Director Robert L. Wood sold 1,800 shares of Linde stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $158.03, for a total transaction of $284,454.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eduardo F. Menezes sold 6,335 shares of Linde stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $156.00, for a total value of $988,260.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Tower View Investment Management & Research LLC acquired a new position in Linde during the 4th quarter valued at about $37,000. LifePlan Financial Group Inc bought a new position in shares of Linde during the 4th quarter worth approximately $64,000. Cerebellum GP LLC bought a new position in shares of Linde during the 4th quarter worth approximately $260,000. Bath Savings Trust Co bought a new position in shares of Linde during the 4th quarter worth approximately $322,000. Finally, CHICAGO TRUST Co NA bought a new position in shares of Linde during the 4th quarter worth approximately $369,000. Institutional investors and hedge funds own 75.34% of the company’s stock.

Linde Company Profile

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

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