Linde (NYSE:LIN) had its target price boosted by JPMorgan Chase & Co. from $206.00 to $208.00 in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the basic materials company’s stock.
A number of other research firms also recently commented on LIN. Bank of America increased their target price on Linde from $180.00 to $184.00 and gave the company an underperform rating in a research report on Tuesday. BMO Capital Markets upgraded Linde from a market perform rating to an outperform rating and set a $210.00 target price for the company in a research report on Monday, May 13th. KeyCorp increased their target price on Linde from $205.00 to $220.00 and gave the company an overweight rating in a research report on Tuesday, July 9th. Societe Generale reiterated a buy rating on shares of Linde in a research report on Monday, April 15th. Finally, DZ Bank restated a buy rating on shares of Linde in a research report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $201.83.
Shares of NYSE LIN traded down $0.64 during midday trading on Tuesday, reaching $191.97. 1,563,787 shares of the stock traded hands, compared to its average volume of 1,774,795. The company has a quick ratio of 1.20, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $103.96 billion, a PE ratio of 29.86, a PEG ratio of 2.12 and a beta of 0.76. Linde has a one year low of $145.95 and a one year high of $206.82. The stock has a 50 day moving average of $199.83.
In other Linde news, VP Christian Bruch bought 1,474 shares of Linde stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $179.21 per share, for a total transaction of $264,155.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen F. Angel sold 56,574 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total value of $11,160,352.98. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in LIN. Geode Capital Management LLC purchased a new stake in Linde in the fourth quarter worth $997,692,000. Amundi Pioneer Asset Management Inc. increased its position in shares of Linde by 33,491.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock worth $863,366,000 after acquiring an additional 4,892,828 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Linde by 20,056.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,451,036 shares of the basic materials company’s stock valued at $145,104,000 after buying an additional 1,443,837 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Linde in the fourth quarter valued at about $126,732,000. Finally, BlackRock Inc. increased its holdings in Linde by 2.1% in the first quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock valued at $5,554,790,000 after buying an additional 636,524 shares during the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.
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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