Technicals Say Linde plc (LIN) Is Worth Holding


As of Friday close, Linde plc’s (NYSE:LIN) stock was down -$7.8, moving down -2.31 percent to $330.49. The average number of shares traded per day over the past five days has been 3,131,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$11.05 fall in that time frame. In the last twenty days, the average volume was 3,613,315, while in the previous 50 days, it was 2,865,052.

Since last month, LIN stock retreated -0.61%. Shares of the company fell to $322.13 on 02/21/23, the lowest level in the past month. A 52-week high of $362.74 was reached on 03/03/23 after having rallying from a 52-week low of $262.47. Since the beginning of this year, LIN’s stock price has risen by 1.32% or $4.31, and marked a new high 12 times. However, the stock has declined by -8.89% since its 52-week high.

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LIN stock investors should be aware that Linde plc (LIN) stock had its last reported insider trading activity 15 days ago on Mar 03. Durbin Sean, the Executive VP, EMEA of the company, disposed of 4,060 shares for $360.17 on Mar 03. It resulted in a $1,462,272 divestment by the insider. Hoyt Kelcey E sold 2,932 shares at an average price of $333.91 on Nov 16. The insider now owns 6,470 shares following the transaction. On Nov 14, Executive VP, Chief HR Officer Strauss David P sold 2,166 shares at $335.61 apiece. The transaction was valued at $726,931.

Valuation Metrics

Right now, Linde plc (LIN) has a P/E ratio of about 40.12. The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 4.94, the price-to-book (PB) ratio of 4.08, and the price-to-cash flow ratio of 49.22 may also be considered.

The latest dividend of $1.2750 per share was paid out, which is 8.97% more than last year’s $1.17. On Tuesday February 28 2023, a $0.1050 dividend increase was announced.

Financial Health

In the three months ended December 30, Linde plc’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.30, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 41.70% percent. In the year ended December 30, operating margins totaled 16.10%. Based on annual data, LIN earned $13.91 billion in gross profit and brought in $33.36 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 10.30%.

In Linde plc’s quarter-end financial report for December 30, it reported total debt of $10.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LIN’s revenue rose 12.83% to $8.46 billion during the quarter, while net income inched up to $8.8 billion. While analysts expected Linde plc to report $2.5 quarterly earnings, the actual figure was $2.95 per share, beating the consensus estimate by 18.00%. The liabilities of Linde plc were 38.28 billion at the end of its most recent quarter ended December 30, and its total debt was $17.91 billion.

Technical Picture

This quick technical analysis looks at Linde plc’s (LIN) price momentum. With a historical volatility rate of 29.64%, the RSI 9-day stood at 40.04% on 17 March.

With respect to its five-day moving average, the current Linde plc price is down by -3.24% percent or -$11.05. At present, LIN shares trade +2.16% above its 20-day simple moving average and +14.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.33% above its SMA50 and +1.79% above its SMA200.

Stochastic coefficient K was 24.65% and Stochastic coefficient D was 31.27%, while ATR was 9.47. Given the Stochastic reading of 16.52% for the 14-day period, the RSI (14) reading has been calculated as 44.01%. As of today, the MACD Oscillator reading stands at -8.26, while the 14-day reading stands at -12.77.

Analyst Ratings

Seaport Research Partners upgraded its rating on Linde plc (NYSE: LIN) to a Buy in a note to investors on October 13, 2022. The analysts firm previously had a Neutral rating on the stock.Linde plc (LIN) has been rated Buy by analysts. According to 0 brokerage firms, LIN is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Linde plc stock as buy, with 21 recommending it as overweight.

With a median target price of $378.00, the current consensus forecast for the stock is $299.39 – $412.00. Based on these forecasts, analysts predict Linde plc (LIN) will achieve an average price target of $373.11.


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