Linde plc [LIN] Revenue clocked in at $33.36 billion, up 1.75% YTD: What’s Next?

Linde plc [NYSE: LIN] traded at a high on 02/23/23, posting a 0.56 gain after which it closed the day’ session at $331.89. The company report on February 23, 2023 that Linde plc: Linde Prepares for Last Day of Trading on Frankfurt Stock Exchange.

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Linde (NYSE:LIN)(FWB:LIN) announced today that the Irish High Court hearings regarding its intercompany reorganization are scheduled for February 27, 2023. Once the reorganization is approved by the Irish High Court, Linde expects its last trading day on the Frankfurt Stock Exchange to be February 28, 2023.

The intercompany reorganization is expected to close on March 1, following which Linde shareholders will automatically receive one share of the new holding company in exchange for each share they own immediately prior to the closing. The exchange of shares held through the Depository Trust Company (DTC) will be executed through DTC; therefore, Linde shareholders are not required to take any action to exchange their shares. Linde shareholders will be able to continue trading their current Linde shares on the New York Stock Exchange through March 1.

The results of the trading session contributed to over 3761252 shares changing hands. Over the past one week, the price volatility of Linde plc stands at 1.82% while the volatility over the past one month is 1.90%.

The market cap for LIN stock reached $164.47 billion, with 497.19 million shares outstanding and 491.60 million shares in the current float. Compared to the average trading volume of 2.06M shares, LIN reached a trading volume of 3761252 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 $375.61 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 1.90. 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.

Seaport Research Partners have made an estimate for Linde plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on October 13, 2022, representing the official price target for Linde plc stock.

The Average True Range (ATR) for Linde plc is set at 6.85, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 4.93. The Price to Book ratio for the last quarter was 4.39, with the Price to Cash per share for the same quarter was set at 7.58. Price to Free Cash Flow for LIN in the course of the last twelve months was 35.73 with Quick ratio for the last quarter at 0.60.

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 -0.19. With this latest performance, LIN shares gained by 0.99% in over the last four-week period, additionally plugging by 12.82% over the last 6 months – not to mention a rise of 13.05% 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 53.61, with the RSI for the last a single of trading hit 55.35, and the three-weeks RSI is set at 53.06 for Linde plc [LIN]. The present Moving Average for the last 50 days of trading for this stock 328.07, while it was recorded at 326.30 for the last single week of trading, and 306.81 for the last 200 days.

Linde plc [LIN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Linde plc [LIN] shares currently have an operating margin of +19.36 and a Gross Margin at +29.10. Linde plc’s Net Margin is presently recorded at +12.43.

Return on Equity for this stock inclined to 9.87, with Return on Assets sitting at 5.14.

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

Earnings analysis for Linde plc [LIN]

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 10.14%.

Insider trade positions for Linde plc [LIN]

There are presently around $129,580 million, or 85.80% of LIN stock, in the hands of institutional investors. The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 46,650,053, which is approximately 0.553% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 31,518,988 shares of the stock with an approximate value of $10.46 billion in LIN stocks shares; and STATE STREET CORP, currently with $6.51 billion in LIN stock with ownership of nearly -1.608% of the company’s market capitalization.

Positions in Linde plc stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 780 institutional holders increased their position in Linde plc [NYSE:LIN] by around 14,120,292 shares. Additionally, 631 investors decreased positions by around 18,304,798 shares, while 212 investors held positions by with 358,005,866 shares. The mentioned changes placed institutional holdings at 390,430,956 shares, according to the latest SEC report filing. LIN stock had 226 new institutional investments in for a total of 2,076,393 shares, while 78 institutional investors sold positions of 4,300,141 shares during the same period.


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