For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $423.60 in the prior trading day, Linde Plc. (NASDAQ: LIN) closed at $426.62, up 0.71%. In other words, the price has increased by $0.71 from its previous closing price. On the day, 1.49 million shares were traded. LIN stock price reached its highest trading level at $428.58 during the session, while it also had its lowest trading level at $423.45.
Ratios:
Our goal is to gain a better understanding of LIN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.39.
On April 10, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $475 to $500.
UBS Downgraded its Buy to Neutral on March 27, 2024, whereas the target price for the stock was revised from $482 to $510.
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 205083049984 and an Enterprise Value of 221937106944. As of this moment, Linde’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.10, and their Forward P/E ratio for the next fiscal year is 25.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 5.28. Its current Enterprise Value per Revenue stands at 6.774 whereas that against EBITDA is 18.125.
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 $350.60. The 50-Day Moving Average of the stock is -6.26%, while the 200-Day Moving Average is calculated to be 4.11%.
Shares Statistics:
The stock has traded on average 2.50M shares per day over the past 3-months and 2103320 shares per day over the last 10 days, according to various share statistics. A total of 482.45M shares are outstanding, with a floating share count of 472.46M. Insiders hold about 1.72% of the company’s shares, while institutions hold 85.92% stake in the company. Shares short for LIN as of 1713139200 were 5803633 with a Short Ratio of 2.32, compared to 1710460800 on 4158196. Therefore, it implies a Short% of Shares Outstanding of 5803633 and a Short% of Float of 1.21.
Dividends & Splits
In the trailing 12 months, LIN’s forward annual dividend rate was 5.215, compared to 5.21 this year. Against a Trailing Annual Dividend Yield of 0.012311143The stock’s 5-year Average Dividend Yield is 1.48.
