Linde (NYSE:LIN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Linde (NYSE:LINGet Rating) in a report issued on Friday morning, TipRanks reports. Deutsche Bank Aktiengesellschaft currently has a $352.00 price objective on the basic materials company’s stock.

Several other brokerages have also recently issued reports on LIN. Societe Generale lifted their target price on Linde from $365.00 to $400.00 and gave the stock a buy rating in a report on Tuesday, January 4th. HSBC lifted their target price on Linde from $366.00 to $382.00 and gave the stock a buy rating in a report on Friday, February 18th. Morgan Stanley boosted their price objective on Linde from $330.00 to $365.00 and gave the stock an overweight rating in a research note on Tuesday, January 11th. Citigroup boosted their price objective on Linde from $381.00 to $400.00 in a research note on Tuesday, January 11th. Finally, Zacks Investment Research raised Linde from a sell rating to a hold rating and set a $312.00 price objective on the stock in a research note on Monday, February 14th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $360.47.

Shares of LIN stock traded down $3.23 during trading hours on Friday, hitting $311.96. The stock had a trading volume of 2,534,861 shares, compared to its average volume of 1,682,424. Linde has a one year low of $267.51 and a one year high of $352.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.74 and a quick ratio of 0.62. The stock’s 50-day moving average price is $306.63 and its two-hundred day moving average price is $318.01. The stock has a market capitalization of $159.90 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.59 and a beta of 0.89.

Linde (NYSE:LINGet Rating) last issued its earnings results on Thursday, April 28th. The basic materials company reported $2.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.15. Linde had a return on equity of 12.00% and a net margin of 12.43%. The firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Linde will post 11.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, June 3rd will be given a dividend of $1.17 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.68 annualized dividend and a dividend yield of 1.50%. Linde’s dividend payout ratio (DPR) is presently 60.31%.

Large investors have recently made changes to their positions in the business. Sageworth Trust Co of South Dakota purchased a new position in shares of Linde during the fourth quarter valued at $25,000. Rational Advisors LLC increased its stake in shares of Linde by 134.4% during the fourth quarter. Rational Advisors LLC now owns 75 shares of the basic materials company’s stock valued at $26,000 after buying an additional 43 shares during the period. Addison Advisors LLC purchased a new position in shares of Linde during the fourth quarter valued at $27,000. Ritter Daniher Financial Advisory LLC purchased a new position in shares of Linde during the fourth quarter valued at $31,000. Finally, Desjardins Global Asset Management Inc. purchased a new position in shares of Linde during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 70.90% of the company’s stock.

Linde Company Profile (Get Rating)

Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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