DZ Bank Reaffirms “Buy” Rating for Linde (NYSE:LIN)


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DZ Bank restated their buy rating on shares of Linde (NYSE:LIN) in a report issued on Monday morning, Borsen Zeitung reports.

LIN has been the topic of several other reports. Zacks Investment Research raised shares of Linde from a hold rating to a buy rating and set a $293.00 price target on the stock in a report on Thursday, November 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $300.00 to $330.00 and gave the company a buy rating in a report on Monday. HSBC raised shares of Linde from a hold rating to a buy rating and set a $272.00 price target on the stock in a report on Wednesday, November 25th. Barclays restated an overweight rating and set a $285.00 target price on shares of Linde in a research report on Monday, December 7th. Finally, Berenberg Bank restated a buy rating on shares of Linde in a research report on Wednesday, November 11th. Two research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $260.82.

Linde stock opened at $253.11 on Monday. The stock has a market cap of $132.85 billion, a P/E ratio of 60.12, a P/E/G ratio of 2.66 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 0.25. Linde has a twelve month low of $146.71 and a twelve month high of $274.58. The company’s 50-day moving average price is $258.08 and its two-hundred day moving average price is $248.34.

Linde (NYSE:LIN) last released its quarterly earnings results on Thursday, February 4th. The basic materials company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.16. Linde had a net margin of 8.29% and a return on equity of 8.56%. Equities analysts anticipate that Linde will post 8.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 22nd. Investors of record on Friday, March 5th will be paid a $1.06 dividend. This is an increase from Linde’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.24 annualized dividend and a yield of 1.68%. Linde’s dividend payout ratio is presently 52.45%.

A number of large investors have recently modified their holdings of LIN. First Trust Advisors LP lifted its stake in Linde by 450.4% in the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after purchasing an additional 12,003 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Linde during the third quarter valued at $489,000. RFG Advisory LLC bought a new position in shares of Linde during the third quarter valued at $205,000. Brookstone Capital Management bought a new position in shares of Linde during the third quarter valued at $232,000. Finally, James Hambro & Partners raised its stake in Linde by 272.5% during the third quarter. James Hambro & Partners now owns 69,160 shares of the basic materials company’s stock worth $16,471,000 after buying an additional 50,594 shares during the last quarter. 72.64% of the stock is owned by institutional investors and hedge funds.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Analyst Recommendations for Linde (NYSE:LIN)

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