LIN

Wolfe Research Initiates Coverage of Linde (LIN) with Peer Perform Recommendation

Fintel reports that on March 1, 2024, Wolfe Research initiated coverage of Linde (NasdaqGS:LIN) with a Peer Perform recommendation.

Analyst Price Forecast Suggests 3.24% Upside

As of February 24, 2024, the average one-year price target for Linde is 463.87. The forecasts range from a low of 350.47 to a high of $519.75. The average price target represents an increase of 3.24% from its latest reported closing price of 449.29.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Linde is 36,596MM, an increase of 11.39%. The projected annual non-GAAP EPS is 14.37.

What is the Fund Sentiment?

There are 2190 funds or institutions reporting positions in Linde. This is an increase of 136 owner(s) or 6.62% in the last quarter. Average portfolio weight of all funds dedicated to LIN is 0.57%, a decrease of 7.49%. Total shares owned by institutions decreased in the last three months by 1.40% to 417,193K shares. LIN / Linde plc Put/Call Ratios The put/call ratio of LIN is 1.02, indicating a bearish outlook.

What are Other Shareholders Doing?

LIN / Linde plc Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,197K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 15,288K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in LIN by 0.81% over the last quarter.

Capital World Investors holds 12,027K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 12,062K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in LIN by 1.26% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 11,726K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 11,657K shares, representing an increase of 0.59%. The firm increased its portfolio allocation in LIN by 0.64% over the last quarter.

Massachusetts Financial Services holds 11,505K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 11,800K shares, representing a decrease of 2.57%. The firm decreased its portfolio allocation in LIN by 0.82% over the last quarter.

Price T Rowe Associates holds 10,797K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 10,656K shares, representing an increase of 1.31%. The firm increased its portfolio allocation in LIN by 2.48% over the last quarter.

Linde Background Information
(This description is provided by the company.)

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). The company lives its mission of making its world more productive every day by providing high-quality solutions, technologies and services which are making the customers more successful and helping to sustain and protect the planet.The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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