Linde’s (LIN) Buy Rating Reiterated at Baader Bank

Baader Bank reissued their buy rating on shares of Linde (NYSE:LIN) in a research report report published on Thursday, AnalystRatings.com reports.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank decreased their price objective on Linde from $230.00 to $225.00 and set a buy rating for the company in a research note on Friday, May 8th. UBS Group lifted their price objective on Linde from $200.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, July 8th. Argus upgraded Linde from a hold rating to a buy rating and set a $236.00 price objective for the company in a research note on Tuesday, May 26th. Morgan Stanley lifted their price objective on Linde from $205.00 to $275.00 and gave the company an overweight rating in a research note on Tuesday, July 28th. Finally, Barclays decreased their target price on Linde from $230.00 to $215.00 and set an equal weight rating for the company in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $226.24.

NYSE LIN traded up $3.09 during trading on Thursday, hitting $245.11. The stock had a trading volume of 2,755,384 shares, compared to its average volume of 1,901,530. The company has a market capitalization of $128.73 billion, a PE ratio of 57.81, a PEG ratio of 2.89 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $222.96 and a 200 day moving average price of $200.90. Linde has a twelve month low of $146.71 and a twelve month high of $248.88.

Linde (NYSE:LIN) last released its earnings results on Thursday, July 30th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.25. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.26 billion. Linde had a return on equity of 8.27% and a net margin of 8.37%. On average, sell-side analysts anticipate that Linde will post 7.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be issued a $0.963 dividend. This represents a $3.85 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 2nd. Linde’s payout ratio is currently 52.45%.

Several large investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Linde by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,610,464 shares of the basic materials company’s stock valued at $2,354,610,000 after purchasing an additional 40,175 shares during the period. Capital World Investors increased its holdings in shares of Linde by 54.9% in the first quarter. Capital World Investors now owns 10,112,478 shares of the basic materials company’s stock valued at $1,755,173,000 after purchasing an additional 3,585,367 shares during the period. Deutsche Bank AG increased its holdings in shares of Linde by 8.8% in the first quarter. Deutsche Bank AG now owns 9,260,770 shares of the basic materials company’s stock valued at $1,602,113,000 after purchasing an additional 750,451 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Linde by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 9,172,509 shares of the basic materials company’s stock valued at $1,586,846,000 after purchasing an additional 195,514 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Linde by 12.2% in the first quarter. Wellington Management Group LLP now owns 8,719,591 shares of the basic materials company’s stock valued at $1,509,457,000 after purchasing an additional 949,256 shares during the period. 76.42% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Story: What are the benefits of a portfolio tracker?

Analyst Recommendations for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.