Linde Plc (NASDAQ: LIN) is 7.76% higher on its value in year-to-date trading and has touched a low of $396.07 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 $449.44 in the last trading session, with the day’s loss setting it -6.86%.
Currently trading at $442.58, the stock is -2.43% and -4.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing -1.53% at the moment leaves the stock -2.49% off its SMA200. LIN registered 11.02% gain for a year compared to 6-month gain of 2.45%. The firm has a 50-day simple moving average (SMA 50) of $465.2816 and a 200-day simple moving average (SMA200) of $453.90726.
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The stock witnessed a -4.92% loss in the last 1 month and extending the period to 3 months gives it a -4.56%, and is -3.72% 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 1.51% over the week and 1.27% over the month.
Linde Plc (LIN) has around 66323 employees, a market worth around $211.14B and $33.02B in sales. Current P/E ratio is 33.59 and Fwd P/E is 26.07. Profit margin for the company is 19.33%. Distance from 52-week low is 11.74% and -9.21% from its 52-week high. The company has generated returns on investments over the last 12 months (11.27%).
The EPS is expected to grow by 9.01% this year.
Linde Plc (LIN) Top Institutional Holders
2849.0 institutions hold shares in Linde Plc (LIN), with institutional investors hold 87.35% of the company’s shares. The shares outstanding are 476.16M, and float is at 467.82M with Short Float at 1.12%. Institutions hold 87.17% 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 Bichara Guillermo, the company’s Exec VP & Chief Legal Officer. SEC filings show that Bichara Guillermo sold 4,385 shares of the company’s common stock on Dec 04 ’24 at a price of $460.73 per share for a total of $2.02 million. Following the sale, the insider now owns 22776.0 shares.
Still, SEC filings show that on Sep 10 ’24, Panikar John (Executive VP, APAC) disposed off 10,025 shares at an average price of $462.75 for $4.64 million. The insider now directly holds 17,584 shares of Linde Plc (LIN).
