Linde (LIN) Coverage Initiated at KeyCorp

KeyCorp started coverage on shares of Linde (NYSE:LIN) in a research note issued on Monday, The Fly reports. The firm set an “overweight” rating on the basic materials company’s stock.

Other research analysts have also recently issued reports about the company. BMO Capital Markets assumed coverage on Linde in a research note on Tuesday, November 6th. They issued a “market perform” rating for the company. UBS Group assumed coverage on Linde in a research note on Thursday, December 6th. They issued a “buy” rating for the company. Sanford C. Bernstein assumed coverage on Linde in a research note on Monday, November 5th. They issued an “underperform” rating for the company. Edward Jones assumed coverage on Linde in a research note on Wednesday, October 31st. They issued a “buy” rating for the company. Finally, Deutsche Bank assumed coverage on Linde in a research note on Thursday, November 15th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $184.33.

Shares of LIN opened at $160.21 on Monday. Linde has a 52 week low of $145.95 and a 52 week high of $166.85. The firm has a market capitalization of $45.57 billion, a PE ratio of 27.39, a PEG ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70.

In related news, insider Christian Bruch bought 693 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was acquired at an average cost of $156.49 per share, with a total value of $108,447.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eduardo F. Menezes sold 6,335 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $156.00, for a total value of $988,260.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Tower View Investment Management & Research LLC bought a new position in Linde during the 4th quarter worth $37,000. LifePlan Financial Group Inc bought a new position in Linde during the 4th quarter worth $64,000. Cerebellum GP LLC bought a new position in Linde during the 4th quarter worth $260,000. Bath Savings Trust Co bought a new position in Linde during the 4th quarter worth $322,000. Finally, CHICAGO TRUST Co NA bought a new position in Linde during the 4th quarter worth $369,000. 75.34% of the stock is owned by institutional investors and hedge funds.

Linde Company Profile

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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Analyst Recommendations for Linde (NYSE:LIN)

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