Linde PLC (NYSE:LIN) Given Average Recommendation of “Buy” by Brokerages

Shares of Linde PLC (NYSE:LIN) have been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given 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 $200.07.

LIN has been the subject of a number of research reports. Barclays raised their price target on shares of Linde from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday. DZ Bank reissued a “buy” rating and issued a $213.00 price target on shares of Linde in a report on Tuesday. Baader Bank reissued a “sell” rating and issued a $150.00 price target on shares of Linde in a report on Tuesday. Deutsche Bank raised their price target on shares of Linde from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a report on Thursday, August 8th.

Shares of Linde stock opened at $209.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $195.48 and a 200 day simple moving average of $193.10. Linde has a fifty-two week low of $145.95 and a fifty-two week high of $210.32.

Linde (NYSE:LIN) last issued its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.16. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.14 billion. Linde had a net margin of 17.59% and a return on equity of 10.68%. On average, analysts expect that Linde will post 7.3 EPS for the current year.

A number of hedge funds have recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 252.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock worth $2,008,178,000 after purchasing an additional 7,159,363 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Linde by 41.2% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock worth $1,391,497,000 after purchasing an additional 2,022,326 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Linde by 4,412.8% during the second quarter. Nuveen Asset Management LLC now owns 6,687,706 shares of the basic materials company’s stock worth $1,342,890,000 after purchasing an additional 6,539,513 shares in the last quarter. Northern Trust Corp boosted its position in shares of Linde by 1.1% during the second quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock worth $1,286,535,000 after purchasing an additional 71,203 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Linde by 2.8% during the second quarter. Wells Fargo & Company MN now owns 4,087,573 shares of the basic materials company’s stock worth $820,785,000 after purchasing an additional 110,405 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Analyst Recommendations for Linde (NYSE:LIN)

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