Analysts Set Linde PLC (NASDAQ:LIN) Price Target at $520.00

by · The Markets Daily

Shares of Linde PLC (NASDAQ:LIN – Get Free Report) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $521.60.

A number of brokerages recently commented on LIN. JPMorgan Chase & Co. lifted their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup raised their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th.

Check Out Our Latest Analysis on Linde

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Linde

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC raised its position in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Linde by 145.3% in the 1st quarter. DAVENPORT & Co LLC now owns 30,934 shares of the basic materials company’s stock worth $14,404,000 after buying an additional 18,323 shares during the period. Fedenia Advisers LLC grew its position in shares of Linde by 48.6% in the 1st quarter. Fedenia Advisers LLC now owns 1,900 shares of the basic materials company’s stock worth $885,000 after buying an additional 621 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in shares of Linde by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock worth $1,533,318,000 after buying an additional 9,870 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $418.68 on Thursday. The company has a market capitalization of $196.32 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.85 and a beta of 0.93. The business has a 50 day moving average of $465.40 and a 200 day moving average of $464.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde has a 1-year low of $408.65 and a 1-year high of $486.38.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, sell-side analysts predict that Linde will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is 42.67%.

Linde Company Profile

(Get Free Report)

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

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