Linde Plc. (NASDAQ: LIN) is 15.35% higher on its value in year-to-date trading and has touched a low of $362.33 and a high of $487.49 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 $474.46 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $473.76, the stock is -0.44% and 0.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing -0.15% at the moment leaves the stock 5.85% off its SMA200. LIN registered 30.02% gain for a year compared to 6-month gain of 6.90%. The firm has a 50-day simple moving average (SMA 50) of $471.8118 and a 200-day simple moving average (SMA200) of $447.5907.
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The stock witnessed a -1.64% loss in the last 1 month and extending the period to 3 months gives it a 5.29%, and is -2.61% 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 1.13% over the week and 1.06% over the month.
Linde Plc. (LIN) has around 66323 employees, a market worth around $226.22B and $32.82B in sales. Current P/E ratio is 36.06 and Fwd P/E is 27.73. Profit margin for the company is 19.49%. Distance from 52-week low is 30.75% and -2.82% from its 52-week high. The company has generated returns on investments over the last 12 months (11.61%).
with sales reaching $8.35B over the same period.The EPS is expected to grow by 9.33% this year, but quarterly earnings will post 1.60% year-over-year. Quarterly sales are estimated to shrink -3.20% in year-over-year returns.
Linde Plc. (LIN) Top Institutional Holders
2786.0 institutions hold shares in Linde Plc. (LIN), with institutional investors hold 86.14% of the company’s shares. The shares outstanding are 482.45M, and float is at 469.14M with Short Float at 1.13%. Institutions hold 85.97% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 44.72 million shares valued at $19.63 billion. The investor’s holdings represent 9.2797% of the LIN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 35.96 million shares valued at $15.78 billion to account for 7.4611 of the shares outstanding. The other top investors are STATE STREET CORP which holds 19.69 million shares representing 4.0849% and valued at over $8.64 billion, while FMR LLC holds 2.8295 of the shares totaling 13.64 million with a market value of $5.98 billion.
Linde Plc. (LIN) Insider Activity
The most recent transaction is an insider sale by Panikar John, the company’s Executive VP, APAC. SEC filings show that Panikar John sold 10,025 shares of the company’s common stock on Sep 10 ’24 at a price of $462.75 per share for a total of $4.64 million. Following the sale, the insider now owns 17584.0 shares.
Still, SEC filings show that on Aug 16 ’24, Pfann Oliver (Senior Vice President, EMEA) disposed off 1,022 shares at an average price of $453.70 for $0.46 million. The insider now directly holds 3,551 shares of Linde Plc. (LIN).
