Linde (NASDAQ:LIN) Price Target Raised to $515.00 at Deutsche Bank Aktiengesellschaft

Linde (NASDAQ:LIN) had its price target upped by Deutsche Bank Aktiengesellschaft from $510.00 to $515.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other brokerages also recently issued reports on LIN. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, UBS Group decreased their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Up 0.3 %

LIN stock traded up $1.16 during mid-day trading on Friday, reaching $457.31. The company’s stock had a trading volume of 2,347,398 shares, compared to its average volume of 1,574,533. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The business’s 50 day moving average price is $472.87 and its 200 day moving average price is $451.82. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde has a 12 month low of $385.12 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. On average, equities research analysts predict that Linde will post 15.52 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Linde

Several institutional investors have recently bought and sold shares of LIN. Kovack Advisors Inc. boosted its holdings in Linde by 23.6% during the 1st quarter. Kovack Advisors Inc. now owns 612 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 117 shares during the period. Norden Group LLC purchased a new stake in Linde in the 1st quarter worth approximately $315,000. Diversify Advisory Services LLC purchased a new stake in Linde in the 1st quarter worth approximately $901,000. Mission Wealth Management LP lifted its holdings in Linde by 30.9% in the 1st quarter. Mission Wealth Management LP now owns 2,073 shares of the basic materials company’s stock worth $963,000 after buying an additional 489 shares during the period. Finally, GLOBALT Investments LLC GA lifted its holdings in Linde by 5.1% in the 1st quarter. GLOBALT Investments LLC GA now owns 3,310 shares of the basic materials company’s stock worth $1,537,000 after buying an additional 160 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

About Linde

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.