Linde plc [LIN] moved down -1.32: Why It’s Important

Linde plc [NYSE: LIN] stock went on a downward path that fall over -1.32% on Thursday, amounting to a one-week price decrease of less than -6.05%. The company report on August 24, 2022 that Linde Inaugurates World’s First Hydrogen Refueling System for Passenger Trains.


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Linde (NYSE: LIN; FWB: LIN) today announced it has inaugurated the world’s first hydrogen refueling system for passenger trains in Bremervörde, Germany.

Linde’s hydrogen refueling system, which it built, owns and operates, will refuel 14 hydrogen-powered passenger trains, enabling each train to run for 1,000 km emission-free on a single refueling. It has a total capacity of around 1,600 kg of hydrogen per day, making it one of the largest hydrogen refueling systems ever built. Linde’s future-ready hydrogen refueling system has been designed and constructed with the ability to integrate future on-site green hydrogen generation. The new hydrogen trains will replace existing diesel-powered trains.

Over the last 12 months, LIN stock dropped by -11.07%. The one-year Linde plc stock forecast points to a potential upside of 21.38. The average equity rating for LIN stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $144.40 billion, with 501.03 million shares outstanding and 497.47 million shares in the current float. Compared to the average trading volume of 2.35M shares, LIN stock reached a trading volume of 3087483 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $355.05 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 1.70. 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.

Stifel have made an estimate for Linde plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 10, 2022. The new note on the price target was released on May 31, 2022, representing the official price target for Linde plc stock. Previously, the target price had yet another raise to $380, while Credit Suisse analysts kept a Outperform rating on LIN stock. On March 03, 2022, analysts decreased their price target for LIN shares from 345 to 330.

The Average True Range (ATR) for Linde plc is set at 5.75, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 4.42. The Price to Book ratio for the last quarter was 3.53, with the Price to Cash per share for the same quarter was set at 7.07. Price to Free Cash Flow for LIN in the course of the last twelve months was 31.37 with Quick ratio for the last quarter at 0.60.

LIN Stock Performance Analysis:

Linde plc [LIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.05. With this latest performance, LIN shares dropped by -6.97% in over the last four-week period, additionally sinking by -2.88% over the last 6 months – not to mention a drop of -11.07% 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 33.04, with the RSI for the last a single of trading hit 25.12, and the three-weeks RSI is set at 38.03 for Linde plc [LIN]. The present Moving Average for the last 50 days of trading for this stock 291.58, while it was recorded at 284.08 for the last single week of trading, and 309.92 for the last 200 days.

Insight into Linde plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Linde plc [LIN] shares currently have an operating margin of +17.16 and a Gross Margin at +27.98. Linde plc’s Net Margin is presently recorded at +12.41.

Return on Equity for this stock inclined to 8.37, with Return on Assets sitting at 4.50.

Linde plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

LIN Stock EPS

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 9.98%.

Linde plc [LIN] Insider Position Details

There are presently around $109,568 million, or 84.60% of LIN stock, in the hands of institutional investors. The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 46,309,647, which is approximately 1.135% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 33,205,334 shares of the stock with an approximate value of $9.27 billion in LIN stocks shares; and STATE STREET CORP, currently with $5.77 billion in LIN stock with ownership of nearly 3.453% of the company’s market capitalization.

Positions in Linde plc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 706 institutional holders increased their position in Linde plc [NYSE:LIN] by around 29,141,276 shares. Additionally, 598 investors decreased positions by around 18,783,907 shares, while 252 investors held positions by with 344,595,170 shares. The mentioned changes placed institutional holdings at 392,520,353 shares, according to the latest SEC report filing. LIN stock had 114 new institutional investments in for a total of 1,712,439 shares, while 123 institutional investors sold positions of 1,362,929 shares during the same period.

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