Linde (LIN) Hits New 1-Year High at $189.49

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Linde PLC (NYSE:LIN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $189.49 and last traded at $189.10, with a volume of 20836 shares trading hands. The stock had previously closed at $187.27.

LIN has been the topic of several analyst reports. Societe Generale reiterated a “buy” rating on shares of Linde in a report on Monday, April 15th. Argus initiated coverage on Linde in a report on Friday, March 22nd. They set a “hold” rating and a $175.10 target price on the stock. ValuEngine downgraded Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. KeyCorp raised their target price on Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $193.73.

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market cap of $102.16 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 2.05 and a beta of 0.77.

Linde (NYSE:LIN) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The firm had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. As a group, research analysts forecast that Linde PLC will post 6.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 dividend on an annualized basis and a yield of 1.86%.

In other Linde news, VP Christian Bruch acquired 1,474 shares of the stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $179.21 per share, for a total transaction of $264,155.54. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Eduardo F. Menezes sold 19,056 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,982 shares of company stock valued at $15,727,603. 0.23% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. MAI Capital Management grew its position in shares of Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 58 shares in the last quarter. Lee Financial Co grew its position in shares of Linde by 0.9% in the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock worth $1,209,000 after acquiring an additional 60 shares in the last quarter. Insight Wealth Strategies LLC grew its position in shares of Linde by 3.5% in the 1st quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 63 shares in the last quarter. Private Trust Co. NA grew its position in shares of Linde by 2.2% in the 1st quarter. Private Trust Co. NA now owns 3,552 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 75 shares in the last quarter. Finally, Telemus Capital LLC grew its position in shares of Linde by 1.4% in the 1st quarter. Telemus Capital LLC now owns 5,370 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 74.12% of the company’s stock.

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About Linde (NYSE:LIN)

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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