Linde Plc. (NASDAQ: LIN) is 8.33% higher on its value in year-to-date trading and has touched a low of $322.61 and a high of $448.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LIN stock was last observed hovering at around $447.56 in the last trading session, with the day’s loss setting it -2.62%.
Currently trading at $444.94, the stock is 6.08% and 7.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.59% at the moment leaves the stock 14.55% off its SMA200. LIN registered 34.06% gain for a year compared to 6-month gain of 17.73%. The firm has a 50-day simple moving average (SMA 50) of $7.01 and a 200-day simple moving average (SMA200) of $19.20.
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The stock witnessed a 10.28% loss in the last 1 month and extending the period to 3 months gives it a 8.09%, and is 3.08% 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 1.19% over the week and 1.36% over the month.
Linde Plc. (LIN) has around 65010 employees, a market worth around $215.75B and $32.85B in sales. Current P/E ratio is 35.32 and Fwd P/E is 26.00. Profit margin for the company is 18.87%. Distance from 52-week low is 37.92% and -0.80% from its 52-week high. The company has generated returns on investments over the last 12 months (11.67%).
Linde Plc. quarterly earnings per share for the current quarter are estimated at $3.67 with sales reaching $8.41B over the same period.The EPS is expected to grow by 9.11% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 2.70% in year-over-year returns.
Linde Plc. (LIN) Top Institutional Holders
2,631 institutions hold shares in Linde Plc. (LIN), with institutional investors hold 86.41% of the company’s shares. The shares outstanding are 492.46M, and float is at 476.54M with Short Float at 0.60%. Institutions hold 86.25% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 43.95 million shares valued at $16.75 billion. The investor’s holdings represent 9.01% of the LIN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 34.43 million shares valued at $13.12 billion to account for 7.06% of the shares outstanding. The other top investors are State Street Corporation which holds 20.12 million shares representing 4.12% and valued at over $7.67 billion, while FMR, LLC holds 2.78% of the shares totaling 13.56 million with a market value of $5.17 billion.
Linde Plc. (LIN) Insider Activity
The most recent transaction is an insider sale by Pfann Oliver,the company’sSenior Vice President, EMEA. SEC filings show that Pfann Oliver sold 300 shares of the company’s common stock on Feb 08 at a price of $414.61 per share for a total of $0.12 million. Following the sale, the insider now owns 0.0 shares.
Linde Plc. disclosed in a document filed with the SEC on Sep 14 that Durbin Sean (Executive VP, North America) sold a total of 1,245 shares of the company’s common stock. The trade occurred on Sep 14 and was made at $387.63 per share for $0.48 million. Following the transaction, the insider now directly holds 8149.0 shares of the LIN stock.
Still, SEC filings show that on Sep 07, Bichara Guillermo (Exec VP& Chief Legal Officer) disposed off 12,484 shares at an average price of $386.53 for $4.83 million. The insider now directly holds 27,161 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 30.24% up over the past 12 months. Air Products & Chemicals Inc. (APD) that is -19.64% lower over the same period.
