Brokerages Set Linde PLC (NASDAQ:LIN) Target Price at $519.63

by · The Cerbat Gem

Linde PLC (NASDAQ:LIN – Get Free Report) has been given an average recommendation of “Buy” by the eleven research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $519.6250.

LIN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Citigroup raised Linde from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. Finally, UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th.

Check Out Our Latest Research Report on LIN

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the business’s 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 owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Linde

Several hedge funds and other institutional investors have recently bought and sold shares of LIN. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Linde in the second quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in Linde in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Linde during the 4th quarter valued at $37,000. Finally, Abound Financial LLC acquired a new position in shares of Linde during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $471.47 on Wednesday. The business’s 50-day moving average price is $472.83 and its 200-day moving average price is $463.05. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market capitalization of $221.08 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 3.15 and a beta of 0.95.

Linde (NASDAQ:LIN – Get Free Report) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the company earned $3.85 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts forecast that Linde will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $1.50 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is 42.67%.

About Linde

(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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