Linde (NYSE:LIN) Price Target Raised to $275.00 at Morgan Stanley

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Linde (NYSE:LIN) had its price target lifted by Morgan Stanley from $205.00 to $275.00 in a report published on Tuesday, The Fly reports. Morgan Stanley currently has an overweight rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on LIN. Norddeutsche Landesbank reissued a hold rating on shares of Linde in a research report on Thursday, May 14th. Argus raised Linde from a hold rating to a buy rating and set a $236.00 target price on the stock in a research report on Tuesday, May 26th. Berenberg Bank reissued a buy rating on shares of Linde in a research report on Wednesday, May 13th. BMO Capital Markets lifted their target price on Linde from $217.00 to $220.00 and gave the stock an outperform rating in a research report on Tuesday, May 12th. Finally, Goldman Sachs Group raised Linde from a neutral rating to a buy rating and set a $192.00 target price on the stock in a research report on Monday, March 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $226.24.

Shares of NYSE:LIN opened at $245.35 on Tuesday. The company has a market cap of $127.11 billion, a P/E ratio of 57.87, a P/E/G ratio of 2.86 and a beta of 0.72. The stock’s 50-day moving average is $222.96 and its 200-day moving average is $200.90. Linde has a 52-week low of $146.71 and a 52-week high of $248.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.80.

Linde (NYSE:LIN) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.25. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.26 billion. Linde had a return on equity of 8.27% and a net margin of 8.37%. As a group, equities analysts predict that Linde will post 7.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be paid a $0.963 dividend. This represents a $3.85 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 2nd. Linde’s dividend payout ratio (DPR) is currently 52.45%.

Large investors have recently bought and sold shares of the company. Procyon Private Wealth Partners LLC bought a new position in shares of Linde in the fourth quarter valued at approximately $30,000. Balentine LLC bought a new position in shares of Linde in the first quarter valued at approximately $25,000. Key Financial Inc bought a new position in shares of Linde in the first quarter valued at approximately $29,000. North Star Investment Management Corp. bought a new position in Linde in the 1st quarter worth approximately $35,000. Finally, CVA Family Office LLC bought a new position in Linde in the 2nd quarter worth approximately $42,000. Institutional investors own 76.42% of the company’s stock.

About Linde

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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