Linde plc (NYSE:LIN) saw an upside of 0.33% to close Tuesday at $295.81 after adding $0.97 on the day. The 5-day average trading volume is 1,229,580 shares of the company’s common stock. It has gained $302.38 in the past week. An average of 1,638,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,352,952.
LIN’s 1-month performance is -5.64% or -$14.63 on its low of $290.27 reached on 10/06/21. The company’s shares have touched a 52-week low of $214.14 and high of $317.03, with the stock’s rally to the 52-week high happening on 09/07/21. YTD, LIN has achieved 12.26% or $32.30. However, the current price is down -6.69%% from the 52-week high price.
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On May 25, 141 days have gone by since the last insider trading activity for Linde plc (LIN). Lamba Sanjiv (Chief Operating Officer) most recently sold 21 shares at $302.12 per share on May 25. This transaction cost the insider $6,345. Principal Accounting Officer, Hoyt Kelcey E, sold 2,559 shares at a price of $251.66 on Feb 12. Then, on Nov 09, Executive VP EMEA Gases Menezes Eduardo F sold 23,256 shares at a price of $263.12 per share. This transaction amounted to $6,119,174.
The company’s PE ratio for the last five years has touched a high of 62.24 and a low of 11.62. LIN stock has a beta of 0.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.33 while the price-to-book (PB) in the most recent quarter is 3.35, with the price to cash flow ratio at 54.69.
Linde plc pays an annual dividend of $4.24 per share. Its dividend yield is 1.43% and the payout ratio is 64.30%. LIN’s most recent quarterly dividend payment was made on Sep. 17, when it paid $1.06 a share compared with prior rate of $1.06, down 0.0% from last year’s. The company has boosted its dividend for the last 29 consecutive years with the latest dividend increase of $0.0970 reported on Monday January 25 2021.
It is projected that Linde plc’s next ex-dividend date will be on 3-Dec. LIN is expected to distribute $1.06 as its next dividend.
Linde plc’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.70 meaning that LIN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.22, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 44.20%. The trailing 12-month EBITDA margin is 31.26% while for the period ending June 29; Linde plc’s operating margin was 15.00%. The firm’s gross profit as reported stood at $11.86 billion against revenue of $27.24 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LIN to announce $2.54 per share in earnings in its latest quarter, but it posted $2.7, representing a 6.30% surprise. EBITDA for the quarter stood at more than $2.31 billion. LIN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 37.13 billion, with total debt at $15.49 billion. Shareholders hold equity totaling $516.41 million
Let’s look briefly at Linde plc (LIN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 39.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.53%.
The stock’s 5-day moving average is $296.41, reflecting a -0.68% or -$2.02 change from its current price. LIN is currently trading -5.17% above its 20-day SMA, -0.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.47% and +15.27% respectively.
Stochastic %K and %D was 24.27% and 28.26% and the average true range (ATR) pointed at 5.07. The RSI (14) points at 40.66%, while the 14-day stochastic is at 25.16% with the period’s ATR at 4.98. The stock’s 9-day MACD Oscillator is pointing at -0.58 and -4.01 on the 14-day charts.
In the most recent analyst report for Linde plc (NYSE: LIN), Wolfe Research launched coverage with a Peer perform rating. Analysts offering their rating for LIN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate LIN as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 21 have offered a “buy” rating.
What is LIN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $304.75 and a high of $390.00, with their median price target at $340.00. Looking at these predictions, the average price target given by analysts is for Linde plc (LIN) stock is $342.62.