Linde plc (LIN) Review – Making Smarter Decisions

1,776 institutions hold shares in Linde plc (LIN), with 959.73k shares held by insiders accounting for 0.18% while institutional investors hold 82.11% of the company’s shares. The shares outstanding are 525.69M, and float is at 522.37M with Short Float at 0.60%. Institutions hold 81.96% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 42.78 million shares valued at $11.27 billion. The investor’s holdings represent 8.15% of the LIN Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 31.47 million shares valued at $8.29 billion to account for 6.00% of the shares outstanding. The other top investors are State Street Corporation which holds 20.86 million shares representing 3.97% and valued at over $5.5 billion, while Capital Research Global Investors holds 2.69% of the shares totaling 14.1 million with a market value of $3.72 billion.

Linde plc (NYSE: LIN) is -6.06% lower on its value in year-to-date trading and has touched a low of $146.71 and a high of $274.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LIN stock was last observed hovering at around $254.01 in the last trading session, with the day’s loss setting it -6.46% off its average median price target of $294.06 for the next 12 months. It is also 25.14% off the consensus price target high of $330.70 offered by 31 analysts, but current levels are 1.35% higher than the price target low of $250.94 for the same period.

Currently trading at $247.55, the stock is -1.80% and -3.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing -2.54% at the moment leaves the stock 3.18% off its SMA200. LIN registered 26.70% gain for a year compared to 6-month gain of -0.88%. The firm has a 50-day simple moving average (SMA 50) of $253.02 and a 200-day simple moving average (SMA200) of $248.58.

The stock witnessed a -1.15% loss in the last 1 month and extending the period to 3 months gives it a -3.46%, and is -2.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.95% over the week and 1.78% over the month.

Linde plc (LIN) has around 74648 employees, a market worth around $131.00B and $27.05B in sales. Current P/E ratio is 59.11 and Fwd P/E is 23.96. Profit margin for the company is 8.30%. Distance from 52-week low is 68.73% and -9.84% from its 52-week high. The company has generated returns on investments over the last 12 months (3.40%).

Linde plc (LIN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Linde plc (LIN) is a “Overweight”. 31 analysts offering their recommendations for the stock have an average rating of 2.00, where 8 rate it as a Hold and 2 think it is a “Overweight”. 20 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Linde plc is expected to release its quarterly report on 05/07/2021 and quarterly earnings per share for the current quarter are estimated at $2.23 with sales reaching $7.01B over the same period.The EPS is expected to shrink by -70.80% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 4.00% in year-over-year returns.

Linde plc (LIN) Insider Activity

A total of 16 insider transactions have happened at Linde plc (LIN) in the last six months, with sales accounting for 10 and purchases happening 6 times. The most recent transaction is an insider purchase by Fehrenbach Franz, the company’s Director. SEC filings show that Fehrenbach Franz bought 493 shares of the company’s common stock on Feb 26 at a price of $245.94 per share for a total of $0.12 million. Following the purchase, the insider now owns 3606.0 shares.

Linde plc disclosed in a document filed with the SEC on Feb 12 that Hoyt Kelcey E (Principal Accounting Officer) sold a total of 2,559 shares of the company’s common stock. The trade occurred on Feb 12 and was made at $251.66 per share for $0.64 million. Following the transaction, the insider now directly holds 4104.0 shares of the LIN stock.

Still, SEC filings show that on Nov 09, Menezes Eduardo F (Executive VP EMEA Gases) disposed off 23,256 shares at an average price of $263.12 for $6.12 million. The insider now directly holds 70,307 shares of Linde plc (LIN).

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