Linde Plc. [LIN] stock prices are up 1.18% to $460.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LIN shares have gain 3.63% over the last week, with a monthly amount glided 13.23%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, Linde Increases Dividend 9%. In a post published today on Yahoo Finance, Linde plc (Nasdaq:LIN) today announced its Board of Directors has declared a 9% increase in the company’s quarterly dividend to $1.39 per share. This marks the 31st consecutive year of quarterly dividend increases on the company’s stock.
From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Market Perform rating on February 16, 2024, and elevated its price target to $455. On January 22, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $429 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Citigroup initiated its recommendation with a Buy and recommended $430 as its price target on June 14, 2023. Seaport Research Partners upgraded its rating to Buy for this stock on October 13, 2022, but kept the price target unchanged to $330. In a note dated October 13, 2022, Goldman initiated an Buy rating and provided a target price of $338 on this stock.
The stock price of Linde Plc. [LIN] has been fluctuating between $324.11 and $456.66 over the past year. Currently, Wall Street analysts expect the stock to reach $360.74 within the next 12 months. Linde Plc. [NASDAQ: LIN] shares were valued at $460.96 at the most recent close of the market. An investor can expect a potential drop of -21.74% based on the average LIN price forecast.
Analyzing the LIN fundamentals
The Linde Plc. [NASDAQ:LIN] reported sales of 32.85B for trailing twelve months, representing a surge of 5.10%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.16 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 457.21 points at the first support level, and at 453.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 463.88, and for the 2nd resistance point, it is at 466.79.
Linde Plc. [LIN] reported earnings per share of $3.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.49/share, meaning a difference of $0.1 and a surprise factor of 2.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.63 per share as compared to estimates of $3.57 per share, a difference of $0.06 representing a surprise of 1.70%.
Ratios To Look Out For
It’s worth pointing out that Linde Plc. [NASDAQ:LIN]’s Current Ratio is 0.80. As well, the Quick Ratio is 0.67, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 6.76, the price to book ratio is 5.60 and price to earnings (TTM) ratio is 36.59.
Transactions by insiders
Recent insider trading involved Pfann Oliver, Senior Vice President, EMEA, that happened on Feb 08 when 300.0 shares were sold. Executive VP, North America, Durbin Sean completed a deal on Sep 14 to sell 1245.0 shares. Meanwhile, Exec VP& Chief Legal Officer Bichara Guillermo sold 12484.0 shares on Sep 07.
