Cfra upgraded shares of Linde (NYSE:LIN) from a hold rating to a buy rating in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have $245.00 price target on the basic materials company’s stock, up from their prior price target of $215.00.

A number of other analysts also recently commented on the company. Atlantic Securities assumed coverage on Linde in a research report on Wednesday, November 27th. They set an overweight rating and a $250.00 target price on the stock. Barclays boosted their target price on Linde from $210.00 to $230.00 and gave the stock an equal weight rating in a research report on Wednesday, November 13th. Goldman Sachs Group assumed coverage on Linde in a research report on Monday, February 3rd. They set a neutral rating and a $217.00 target price on the stock. Pareto Securities upgraded Linde to a hold rating in a research report on Tuesday, December 10th. Finally, ValuEngine upgraded Linde from a sell rating to a hold rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $221.67.

LIN traded up $1.38 during trading on Thursday, reaching $222.64. 1,279,677 shares of the stock were exchanged, compared to its average volume of 1,717,718. The business’s 50 day moving average price is $210.58 and its two-hundred day moving average price is $199.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.75. The company has a market capitalization of $117.40 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.09 and a beta of 0.76. Linde has a 1 year low of $166.07 and a 1 year high of $227.85.

Linde (NYSE:LIN) last posted its earnings results on Thursday, February 13th. The basic materials company reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.05. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.95 billion. Linde had a return on equity of 10.68% and a net margin of 17.59%. During the same period in the previous year, the business earned $1.46 earnings per share. On average, analysts anticipate that Linde will post 7.3 EPS for the current year.

In other news, EVP Anne K. Roby sold 1,583 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $209.71, for a total value of $331,970.93. Following the sale, the executive vice president now directly owns 27,218 shares in the company, valued at $5,707,886.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anne K. Roby sold 2,402 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $212.17, for a total value of $509,632.34. Following the completion of the sale, the executive vice president now owns 36,433 shares in the company, valued at $7,729,989.61. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Simon Quick Advisors LLC increased its stake in Linde by 538.9% in the fourth quarter. Simon Quick Advisors LLC now owns 115 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 97 shares during the last quarter. Solstein Capital LLC acquired a new position in Linde in the fourth quarter valued at $27,000. Prime Capital Investment Advisors LLC acquired a new position in Linde in the third quarter valued at $31,000. Squar Milner Financial Services LLC increased its stake in Linde by 131.3% in the fourth quarter. Squar Milner Financial Services LLC now owns 148 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Linde in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 73.61% of the company’s stock.

About Linde

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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