Linde plc (NYSE: LIN) is -1.03% lower on its value in year-to-date trading and has touched a low of $262.47 and a high of $352.18 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 $339.76 in the last trading session, with the day’s gains setting it 3.1% off its average median price target of $350.00 for the next 12 months. It is also 9.77% off the consensus price target high of $380.00 offered by analysts, but current levels are -31.87% lower than the price target low of $260.00 for the same period.
Currently trading at $342.86, the stock is 8.41% and 16.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 0.91% at the moment leaves the stock 14.47% off its SMA200. LIN registered 3.82% gain for a year compared to 6-month loss of 8.55%.
The stock witnessed a 18.97% gain in the last 1 month and extending the period to 3 months gives it a 15.39%, and is 2.74% up 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 1.23% over the week and 1.84% over the month.
Linde plc (LIN) has around 65293 employees, a market worth around $167.19B and $33.76B in sales. Current P/E ratio is 45.38 and Fwd P/E is 26.64. Profit margin for the company is 11.40%. Distance from 52-week low is 30.63% and -2.65% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
Linde plc (LIN) Analyst Forecasts
Linde plc is expected to release its quarterly report on 02/16/2023.The EPS is expected to grow by 55.70% this year
Linde plc (LIN) Top Institutional Holders
The shares outstanding are 497.19M, and float is at 493.48M with Short Float at 0.74%.
Linde plc (LIN) Insider Activity
A total of 3 insider transactions have happened at Linde plc (LIN) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by Hoyt Kelcey E, the company’s Principal Accounting Officer. SEC filings show that Hoyt Kelcey E sold 2,932 shares of the company’s common stock on Nov 16 at a price of $333.91 per share for a total of $0.98 million. Following the sale, the insider now owns 6470.0 shares.
Linde plc disclosed in a document filed with the SEC on Nov 14 that Strauss David P (Executive VP, Chief HR Officer) sold a total of 2,166 shares of the company’s common stock. The trade occurred on Nov 14 and was made at $335.61 per share for $0.73 million. Following the transaction, the insider now directly holds 20582.0 shares of the LIN stock.
Still, SEC filings show that on Nov 11, ANGEL STEPHEN F (Director) disposed off 74,227 shares at an average price of $330.51 for $24.53 million. The insider now directly holds 345,877 shares of Linde plc (LIN).
Linde plc (LIN): Who are the competitors?
The company’s main competitors (and peers) include C3.ai Inc. (AI) that is trading -65.96% down over the past 12 months and Air Products and Chemicals Inc. (APD) that is 3.06% higher over the same period. Dow Inc. (DOW) is -12.89% down on the 1-year trading charts.