Mizuho Increases Linde (NASDAQ:LIN) Price Target to $530.00

Linde (NASDAQ:LIN) had its price objective lifted by Mizuho from $520.00 to $530.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

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

Linde Stock Up 0.3 %

Shares of LIN opened at $457.31 on Friday. Linde has a one year low of $385.12 and a one year high of $487.49. The company has a market cap of $218.37 billion, a P/E ratio of 34.72, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $472.87 and a two-hundred day simple moving average of $451.90.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 earnings per share. Research analysts forecast that Linde will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Linde

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. lifted its position in Linde by 23.6% in the 1st quarter. Kovack Advisors Inc. now owns 612 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 117 shares in the last quarter. Norden Group LLC bought a new position in Linde in the 1st quarter valued at about $315,000. Diversify Advisory Services LLC bought a new position in Linde in the 1st quarter valued at about $901,000. Mission Wealth Management LP lifted its position in Linde by 30.9% in the 1st quarter. Mission Wealth Management LP now owns 2,073 shares of the basic materials company’s stock valued at $963,000 after acquiring an additional 489 shares in the last quarter. Finally, GLOBALT Investments LLC GA increased its stake in Linde by 5.1% in the 1st quarter. GLOBALT Investments LLC GA now owns 3,310 shares of the basic materials company’s stock valued at $1,537,000 after buying an additional 160 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.