Linde plc [NYSE: LIN] traded at a high on 12/04/20, posting a 1.80 gain after which it closed the day’ session at $250.62. The company report on November 18, 2020 that Linde Included in Dow Jones Sustainability World Index for 18th Consecutive Year.
Linde Included in Dow Jones SustainabilityTM World Index for 18th Consecutive Year.
Linde (NYSE:LIN)(FWB:LIN) has once again been recognized as a global leader in sustainability through its inclusion in the Dow Jones SustainabilityTM World Index (DJSI World) and DJSI North America. Linde is the only company in the chemical sector to be admitted in the DJSI World for eighteen consecutive years.
The results of the trading session contributed to over 3029686 shares changing hands. Over the past one week, the price volatility of Linde plc stands at 2.33% while the volatility over the past one month is 1.99%.
The market cap for LIN stock reached $129.07 billion, with 525.69 million shares outstanding and 523.30 million shares in the current float. Compared to the average trading volume of 1.82M shares, LIN reached a trading volume of 3029686 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Linde plc [LIN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LIN shares is $276.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LIN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Linde plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 22, 2020. The new note on the price target was released on July 31, 2020, representing the official price target for Linde plc stock.
The Average True Range (ATR) for Linde plc is set at 6.31, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 4.77. The Price to Book ratio for the last quarter was 2.85, with the Price to Cash per share for the same quarter was set at 10.09. Price to Free Cash Flow for LIN in the course of the last twelve months was 72.07 with Quick ratio for the last quarter at 0.70.
How has LIN stock performed recently?
Linde plc [LIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, LIN shares gained by 6.52% in over the last four-week period, additionally plugging by 15.80% over the last 6 months – not to mention a rise of 23.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LIN stock in for the last two-week period is set at 51.24, with the RSI for the last a single of trading hit 48.74, and the three-weeks RSI is set at 52.72 for Linde plc [LIN]. The present Moving Average for the last 50 days of trading for this stock 241.47, while it was recorded at 252.63 for the last single week of trading, and 218.07 for the last 200 days.
Linde plc [LIN]: Deeper insight into the fundamentals
Linde plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
Earnings analysis for Linde plc [LIN]
With the latest financial reports released by the company, Linde plc posted 1.89/share EPS, while the average EPS was predicted by analysts to be reported at 1.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LIN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Linde plc go to 11.71%.
Insider trade positions for Linde plc [LIN]
There are presently around $99,328 million, or 82.40% of LIN stock, in the hands of institutional investors. The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 43,285,870, which is approximately -1.316% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 30,492,063 shares of the stock with an approximate value of $7.64 billion in LIN stocks shares; and STATE STREET CORP, currently with $5.26 billion in LIN stock with ownership of nearly -2.988% of the company’s market capitalization.
497 institutional holders increased their position in Linde plc [NYSE:LIN] by around 19,371,666 shares. Additionally, 502 investors decreased positions by around 27,474,500 shares, while 179 investors held positions by with 349,481,552 shares. The mentioned changes placed institutional holdings at 396,327,718 shares, according to the latest SEC report filing. LIN stock had 137 new institutional investments in for a total of 2,017,576 shares, while 73 institutional investors sold positions of 5,258,767 shares during the same period.