Linde (LIN) to Release Earnings on Thursday

Linde (NASDAQ:LIN) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $3.93 per share and revenue of $8.41 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Linde Stock Performance

LIN opened at $454.80 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde has a 52-week low of $396.07 and a 52-week high of $487.49. The firm has a market cap of $216.56 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The business’s fifty day moving average is $434.51 and its 200-day moving average is $453.37.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Transactions at Linde

In related news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South 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.