Linde PLC (NYSE:LIN) VP Christian Bruch bought 1,474 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $179.21 per share, with a total value of $264,155.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
LIN stock traded up $0.66 during trading on Friday, reaching $188.31. 34,769 shares of the company were exchanged, compared to its average volume of 1,558,607. The stock has a market cap of $98.55 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.96 and a beta of 0.77. Linde PLC has a twelve month low of $145.95 and a twelve month high of $188.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.21.
Linde (NYSE:LIN) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. The business had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. On average, equities research analysts anticipate that Linde PLC will post 6.91 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in LIN. Horizon Investments LLC acquired a new position in Linde in the 1st quarter valued at approximately $345,000. Laurel Wealth Advisors Inc. increased its position in Linde by 6.4% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 3,373 shares of the basic materials company’s stock valued at $593,000 after acquiring an additional 204 shares during the period. FMR LLC increased its position in Linde by 4.6% in the 1st quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock valued at $1,440,632,000 after acquiring an additional 364,348 shares during the period. Kore Private Wealth LLC acquired a new position in Linde in the 1st quarter valued at approximately $48,000. Finally, Bontempo Ohly Capital Mgmt LLC increased its position in Linde by 598.6% in the 1st quarter. Bontempo Ohly Capital Mgmt LLC now owns 15,005 shares of the basic materials company’s stock valued at $2,640,000 after acquiring an additional 12,857 shares during the period. Institutional investors and hedge funds own 74.12% of the company’s stock.
Several equities analysts have recently commented on LIN shares. ValuEngine upgraded shares of Linde from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Societe Generale restated a “buy” rating on shares of Linde in a research report on Monday, April 15th. SunTrust Banks boosted their target price on shares of Linde to $196.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. They noted that the move was a valuation call. Barclays upped their price objective on shares of Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Linde from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $193.73.
Linde Company Profile
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.
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