Linde Plc (NASDAQ: LIN) is -1.23% lower 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 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 $414.17 in the last trading session, with the day’s loss setting it -0.67%.
Currently trading at $413.50, the stock is -3.66% and -7.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -0.16% at the moment leaves the stock -8.30% off its SMA200. LIN registered 1.17% gain for a year compared to 6-month gain of -5.10%. The firm has a 50-day simple moving average (SMA 50) of $447.5782 and a 200-day simple moving average (SMA200) of $450.90924.
The stock witnessed a -9.74% loss in the last 1 month and extending the period to 3 months gives it a -11.97%, and is -2.55% 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 1.32% over the week and 1.51% over the month.
Linde Plc (LIN) has around 66323 employees, a market worth around $196.57B and $33.02B in sales. Current P/E ratio is 31.38 and Fwd P/E is 24.43. Profit margin for the company is 19.33%. Distance from 52-week low is 4.40% and -15.18% 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
2848.0 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 467.80M with Short Float at 1.23%. Institutions hold 87.18% 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 Strauss David P, the company’s Executive VP, Chief HR Officer. SEC filings show that Strauss David P sold 2,218 shares of the company’s common stock on Dec 16 ’24 at a price of $434.35 per share for a total of $0.96 million. Following the sale, the insider now owns 25926.0 shares.
Still, SEC filings show that on Dec 12 ’24, Reynolds Paula Rosput (Director) acquired 100 shares at an average price of $441.34 for $44134.0. The insider now directly holds 233 shares of Linde Plc (LIN).
