The stock of Linde plc (NYSE:LIN) increased by $2.25 on Tuesday to finish at $389.78, up 0.58 percent. The last five days have seen an average of 1,474,080 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $63.60. The average number of shares traded over the last 20 days was 1,082,915, while the average volume over the last 50 days totaled 1,201,234.
LIN stock appreciated 3.91% since last month. On 08/21/23, the company’s shares reached a one-month low of $373.47. The stock touched a high of $393.67 on 08/01/23, after rallying from a low of $262.47 in 52 weeks. The price of LIN stock has risen by 19.50% or $63.60 this year, reaching a new high 29 times. Still, the stock price is down -0.99% 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 6 days ago on Sep 14. On Sep 14, Executive VP, North America Durbin Sean sold 1,245 shares at $387.63 each. This transaction resulted in the insider making $482,605. On Sep 07, Bichara Guillermo sold 12,484 shares at a price of US$386.53. After the transaction, the insider now owns 27,161 shares. Director ANGEL STEPHEN F had earlier sold 39,695 shares on Aug 01 for $391.62 a share. The transaction was completed for $15,545,356.
Valuation Metrics
Linde plc (LIN) has a trailing price-to-earnings (P/E) ratio of 34.03. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.77, the price-to-book (PB) ratio of 4.78, and the price-to-cash flow ratio of 35.37.
Company paid $1.2750 per share in dividends, remained unchanged from $1.2750 last year. A $0.1050 dividend increase was reported on Tuesday February 28 2023.
Financial Health
For the three months ended June 29, Linde plc’s quick ratio was 0.60, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 44.20% percent. Linde plc’s operating margin stood at 21.90% for the same period. Based on annual data, it had gross profit of $13.91 billion and revenue of $33.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LIN’s return on assets (ROA) during the last 12 months has been 7.30%. There was a 6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.50%.
Earnings Surprise
According to Linde plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.2 billion, while revenues fell by -3.08% to $8.19 billion. It was predicted that Linde plc’s quarterly earnings would be $3.57, but it ended up being $3.47, beating the consensus by 2.90%. EBITDA was $2.97 billion for the quarter. At the end of Linde plc’s most recent quarter ended June 29, its liabilities totaled 37.48 billion, while its total debt was $17.49 billion. Equity owned by shareholders amounts to $487.95 million.
Technical Picture
Here’s a quick look at Linde plc’s (LIN) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 60.20%, suggesting the stock is Neutral, with a 9.81% historical volatility rate.
The stochastic %K and %D were 64.46% and 67.24% respectively, while the average true range (ATR) was 4.91. Based on the 14-day stochastic reading of 73.83%, the RSI (14) reading is 58.45%. On the 9-day MACD Oscillator, the stock is at 0.55, and the 14-day reading is at 1.37.
Analyst Ratings
In its analyst report released on June 14, 2023, Citigroup began covering Linde plc (NYSE: LIN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Linde plc (LIN) an Overweight rating. LIN is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 3 rates it overweight and 22 others recommend it as a buy.
What is LIN’s price target for the next 12 months?
The current consensus forecast for the stock is between $339.00 and $450.00, with a median target price of $421.25. In analyzing these forecasts, the average price target given by analysts for Linde plc (LIN) is $420.19.
