Linde plc (NYSE:LIN) finished Friday with a subtraction of -$0.5 to close at $381.82, a downside of -0.13 percent. An average of 885,900 shares of common stock have been traded in the last five days. There was a gain of $4.00 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 1,358,565 shares traded, while the 50-day average volume stands at 1,473,812.
LIN stock has increased by 1.24% in the last month. The company shares reached their 1-month lowest point of $365.98 on 07/12/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $262.47 and a high of $393.67 in 52 weeks. It has reached a new high 29 times so far this year and achieved 17.06% or $55.64 in price. In spite of this, the price is down -3.01% from the 52-week high.
Insider Transactions
LIN stock investors should be aware that Linde plc (LIN) stock had its last reported insider trading activity 11 days ago on Aug 01. In this transaction, the insider spent $15,545,356. Executive VP, EMEA, Durbin Sean, disposed of 1,966 shares at a price of $373.46 on Jun 14. The insider now owns more than $734,222 worth of shares. Prior to that, Executive VP, Chief HR Officer Strauss David P went on to Sale 2,194 shares at $371.02 each on May 15. An amount of $814,016 was transacted.
Valuation Metrics
Linde plc (LIN) has a trailing price-to-earnings (P/E) ratio of 42.42. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.63, the price-to-book (PB) ratio at 4.70, and the price-to-cash flow ratio at 61.68.
Financial Health
The quick ratio of Linde plc for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.47 for the quarter ending June 29. Its gross profit as reported stood at $13.91 billion compared to revenue of $33.36 billion.
Earnings Surprise
For the three-month period that ended June 29, Linde plc had $13.53 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.57 billion in the quarter, while revenues of $1.52 billion were grew 76.38%. The analyst consensus anticipated Linde plc’s latest quarter earnings to come in at $3.47 per share, but it turned out to be $3.57, a 2.90% surprise. For the quarter, EBITDA amounted to $2.97 billion. Shareholders own equity worth $487.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Linde plc (LIN) price momentum. RSI 9-day as of the close on 11 August was 49.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.42%.
As of today, LIN’s price is $382.09 +1.06% or $4.00 from its 5-day moving average. LIN is currently trading +0.86% higher than its 20-day SMA and +12.69% higher than its 100-day SMA. However, the stock’s current price level is +7.96% above the SMA50 and +37.29% above the SMA200.
The stochastic %K and %D were 22.95% and 28.12%, respectively, and the average true range (ATR) was 5.86. With the 14-day stochastic at 26.59% and the average true range at 6.01, the RSI (14) stands at 51.51%. The stock has reached -1.15 on the 9-day MACD Oscillator while the 14-day reading was at -3.39.
Analyst Ratings
Citigroup launched coverage on Linde plc (NYSE: LIN) in its analyst report released on June 14, 2023. The firm assigned the stock a Buy rating. The consensus rating for Linde plc (LIN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LIN, while 4 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 22 others rate it as a “buy”.
What is LIN’s price target for the next 12 months?
Analysts predict a range of price targets between $339.00 and $450.00, with a median target of $423.75. Taking a look at these predictions, the average price target given by analysts for Linde plc (LIN) stock is $421.25.
