Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Linde (NASDAQ:LIN) Stock Price

Linde (NASDAQ:LIN) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $510.00 to $515.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 12.32% from the stock’s previous close.

LIN has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Stock Up 0.5 %

LIN stock traded up $2.37 during mid-day trading on Friday, reaching $458.52. 1,231,178 shares of the company traded hands, compared to its average volume of 1,829,447. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average price is $473.04 and its 200 day moving average price is $451.73. The stock has a market cap of $218.94 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 3.00 and a beta of 0.94. Linde has a fifty-two week low of $385.12 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm earned $3.63 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Linde will post 15.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Linde

Hedge funds have recently bought and sold shares of the business. National Bank of Canada FI lifted its position in Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its stake in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after acquiring an additional 2,337 shares during the period. Choate Investment Advisors grew its stake in shares of Linde by 23.6% in the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after acquiring an additional 3,437 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Linde by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

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.