Linde (NYSE:LIN) PT Raised to $275.00 at Deutsche Bank

Linde (NYSE:LIN) had its price objective hoisted by analysts at Deutsche Bank from $225.00 to $275.00 in a note issued to investors on Friday, The Fly reports. Deutsche Bank’s price objective would indicate a potential upside of 12.19% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Norddeutsche Landesbank restated a “hold” rating on shares of Linde in a report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Linde from a “neutral” rating to an “overweight” rating and upped their target price for the company from $200.00 to $280.00 in a research note on Friday. Barclays dropped their price target on shares of Linde from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Baader Bank reiterated a “buy” rating on shares of Linde in a report on Thursday. Finally, Sanford C. Bernstein restated a “hold” rating on shares of Linde in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $226.24.

LIN stock opened at $245.11 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 57.81, a PEG ratio of 2.89 and a beta of 0.72. The business has a fifty day simple moving average of $222.96 and a 200-day simple moving average of $200.90. Linde has a 52 week low of $146.71 and a 52 week high of $248.88.

Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.25. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.26 billion. Linde had a return on equity of 8.27% and a net margin of 8.37%. As a group, analysts expect that Linde will post 7.76 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in LIN. Comerica Bank increased its stake in Linde by 8.4% during the second quarter. Comerica Bank now owns 122,901 shares of the basic materials company’s stock valued at $30,151,000 after purchasing an additional 9,551 shares during the last quarter. Timber Creek Capital Management LLC boosted its holdings in shares of Linde by 6.5% in the 2nd quarter. Timber Creek Capital Management LLC now owns 16,110 shares of the basic materials company’s stock valued at $3,417,000 after buying an additional 985 shares during the period. McCollum Christoferson Group LLC bought a new stake in shares of Linde during the 2nd quarter valued at about $5,693,000. Lincoln National Corp raised its stake in Linde by 19.8% during the second quarter. Lincoln National Corp now owns 1,800 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 298 shares during the period. Finally, Sigma Planning Corp raised its stake in Linde by 3.6% during the second quarter. Sigma Planning Corp now owns 1,281 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 45 shares during the period. 76.42% of the stock is 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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