Societe Generale assumed coverage on shares of Linde (NYSE:LIN) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $190.00 price objective on the basic materials company’s stock.
LIN has been the topic of a number of other reports. Kepler Capital Markets reaffirmed a buy rating on shares of Linde in a research report on Thursday, November 15th. Citigroup initiated coverage on Linde in a research report on Monday, January 7th. They set a buy rating on the stock. Zacks Investment Research lowered Linde from a hold rating to a strong sell rating in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. initiated coverage on Linde in a research report on Friday, November 2nd. They set an overweight rating and a $185.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of Linde in a research report on Monday, November 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $184.33.
Shares of NYSE LIN opened at $160.21 on Tuesday. Linde has a 1 year low of $145.95 and a 1 year high of $166.85. The stock has a market cap of $45.57 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86.
The company also recently disclosed a special dividend, which was paid on Thursday, December 27th. Investors of record on Tuesday, December 18th were issued a $0.825 dividend. The ex-dividend date was Monday, December 17th. Linde’s dividend payout ratio is currently 42.22%.
In other news, insider Christian Bruch acquired 693 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average cost of $156.49 per share, with a total value of $108,447.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Wood sold 1,800 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total value of $284,454.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. First American Trust FSB bought a new stake in Linde in the fourth quarter valued at about $2,967,000. LifePlan Financial Group Inc bought a new stake in Linde in the fourth quarter valued at about $64,000. YHB Investment Advisors Inc. bought a new stake in Linde in the fourth quarter valued at about $2,361,000. Cullinan Associates Inc. bought a new stake in Linde in the fourth quarter valued at about $2,659,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Linde in the fourth quarter valued at about $500,000. 75.34% of the stock is owned by hedge funds and other institutional investors.
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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