Linde (NYSE:LIN) Rating Reiterated by Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their sell rating on shares of Linde (NYSE:LIN) in a research note published on Thursday morning, AnalystRatings.com reports.

Several other equities research analysts also recently issued reports on LIN. Zacks Investment Research downgraded shares of HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. Societe Generale reiterated a buy rating on shares of Linde in a research report on Monday, April 15th. Jefferies Financial Group reiterated a buy rating on shares of Linde in a research report on Friday, June 21st. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a neutral rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Linde presently has an average rating of Buy and a consensus target price of $201.01.

Shares of LIN stock opened at $203.38 on Thursday. The stock’s 50 day moving average is $199.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.20. Linde has a 12-month low of $145.95 and a 12-month high of $205.55.

Linde (NYSE:LIN) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. On average, sell-side analysts anticipate that Linde will post 6.95 EPS for the current fiscal year.

In other news, VP Christian Bruch purchased 1,474 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $179.21 per share, with a total value of $264,155.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LIN. Comerica Securities Inc. bought a new stake in shares of Linde during the fourth quarter worth approximately $309,000. First Trust Advisors LP bought a new stake in shares of Linde during the fourth quarter worth approximately $416,000. Great West Life Assurance Co. Can bought a new stake in shares of Linde during the fourth quarter worth approximately $860,000. Bessemer Group Inc. bought a new stake in shares of Linde during the fourth quarter worth approximately $120,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Linde during the fourth quarter worth approximately $126,732,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Linde Company Profile

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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Analyst Recommendations for Linde (NYSE:LIN)

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