Linde Plc. (NASDAQ: LIN) closed the day trading at $466.30 down -0.10% from the previous closing price of $466.79. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 2493661 shares were traded. LIN stock price reached its highest trading level at $468.61 during the session, while it also had its lowest trading level at $463.34.
Ratios:
For a better understanding of LIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.36.
On February 16, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $395 to $455.
Stifel Downgraded its Buy to Hold on January 22, 2024, while the target price for the stock was maintained at $429.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Bichara Guillermo sold 6,034 shares for $471.01 per share. The transaction valued at 2,842,105 led to the insider holds 27,161 shares of the business.
Durbin Sean sold 5,277 shares of LIN for $2,466,417 on Mar 12 ’24. The Executive VP, North America now owns 8,151 shares after completing the transaction at $467.39 per share. On Mar 07 ’24, another insider, Strauss David P, who serves as the Executive VP, Chief HR Officer of the company, sold 2,523 shares for $465.65 each. As a result, the insider received 1,174,836 and left with 23,939 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LIN now has a Market Capitalization of 224.56B and an Enterprise Value of 240.21B. As of this moment, Linde’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.02, and their Forward P/E ratio for the next fiscal year is 27.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.84 while its Price-to-Book (P/B) ratio in mrq is 5.66. Its current Enterprise Value per Revenue stands at 7.31 whereas that against EBITDA is 19.66.
Stock Price History:
Over the past 52 weeks, LIN has reached a high of $477.71, while it has fallen to a 52-week low of $337.95. The 50-Day Moving Average of the stock is 432.57, while the 200-Day Moving Average is calculated to be 397.85.
Shares Statistics:
Over the past 3-months, LIN traded about 2.33M shares per day on average, while over the past 10 days, LIN traded about 5.99M shares per day. A total of 482.45M shares are outstanding, with a floating share count of 473.34M. Insiders hold about 1.71% of the company’s shares, while institutions hold 86.07% stake in the company. Shares short for LIN as of Feb 29, 2024 were 3.61M with a Short Ratio of 1.55, compared to 2.85M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.75% and a Short% of Float of 0.75%.
Dividends & Splits
LIN’s forward annual dividend rate is 5.21, up from 5.10 a year ago. Against a Trailing Annual Dividend Yield of 1.09%, it implies a Forward Annual Dividend Yield of 1.19%. The stock’s 5-year Average Dividend Yield is 1.50. The current Payout Ratio is 40.50% for LIN, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on Dec 16, 2003 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 16 analysts. On average, analysts expect EPS of $3.67 for the current quarter, with a high estimate of $3.71 and a low estimate of $3.63, while EPS last year was $3.42. The consensus estimate for the next quarter is $3.9, with high estimates of $4.02 and low estimates of $3.82.
Analysts are recommending an EPS of between $15.88 and $15.35 for the fiscal current year, implying an average EPS of $15.55. EPS for the following year is $17.19, with 24 analysts recommending between $17.84 and $16.25.
Revenue Estimates
13 analysts predict $8.41B in revenue for the current quarter. It ranges from a high estimate of $8.62B to a low estimate of $8.15B. As of the current estimate, Linde Plc.’s year-ago sales were $8.19B, an estimated increase of 2.60% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $8.55B, an increase of 4.20% over than the figure of $2.60% in the same quarter last year. There is a high estimate of $8.8B for the next quarter, whereas the lowest estimate is $8.25B.
A total of 23 analysts have provided revenue estimates for LIN’s current fiscal year. The highest revenue estimate was $35.19B, while the lowest revenue estimate was $33.49B, resulting in an average revenue estimate of $34.39B. In the same quarter a year ago, actual revenue was $32.85B, up 4.70% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $36.53B in the next fiscal year. The high estimate is $37.65B and the low estimate is $35.04B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
