Linde (LIN) Earns Buy Rating from Societe Generale

Linde (NYSE:LIN)‘s stock had its “buy” rating reaffirmed by Societe Generale in a research report issued on Monday, AnalystRatings.com reports.

A number of other equities research analysts have also recently commented on the stock. SunTrust Banks lifted their price target on shares of Linde to $196.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. KeyCorp boosted their target price on shares of Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. ValuEngine cut shares of Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Argus began coverage on shares of Linde in a report on Friday, March 22nd. They set a “hold” rating and a $175.10 target price on the stock. Finally, Zacks Investment Research cut shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $188.18.

NYSE:LIN opened at $180.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $99.27 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.91 and a beta of 0.78. Linde has a 12 month low of $145.95 and a 12 month high of $185.92.

In other Linde news, CEO Stephen F. Angel sold 54,994 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $184.46, for a total transaction of $10,144,193.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew J. White sold 7,749 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $164.99, for a total transaction of $1,278,507.51. The disclosure for this sale can be found here. Insiders have sold a total of 73,675 shares of company stock worth $13,419,200 in the last three months. Insiders own 0.23% of the company’s stock.

A number of hedge funds have recently modified their holdings of LIN. Private Trust Co. NA bought a new position in shares of Linde in the fourth quarter worth $542,000. Neville Rodie & Shaw Inc. bought a new position in shares of Linde in the fourth quarter worth $2,910,000. Tower View Investment Management & Research LLC bought a new position in shares of Linde in the fourth quarter worth $37,000. Confluence Investment Management LLC bought a new position in shares of Linde in the fourth quarter worth $115,455,000. Finally, Bath Savings Trust Co bought a new position in shares of Linde in the fourth quarter worth $322,000. 73.06% of the stock is currently owned by institutional investors and hedge funds.

Linde Company Profile

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

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Analyst Recommendations for Linde (NYSE:LIN)

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