BMO Capital Maintains Linde Plc. (LIN) Outperform Recommendation

Fintel reports that on July 31, 2023, BMO Capital maintained coverage of Linde Plc. (NYSE:LIN) with a Outperform recommendation.

Analyst Price Forecast Suggests 5.62% Upside

As of July 5, 2023, the average one-year price target for Linde Plc. is 410.55. The forecasts range from a low of 342.39 to a high of $451.50. The average price target represents an increase of 5.62% from its latest reported closing price of 388.71.

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

The projected annual revenue for Linde Plc. is 34,767MM, an increase of 5.06%. The projected annual non-GAAP EPS is 13.01.

• For more in-depth coverage of Linde Plc., view the free, crowd-sourced company research report on Finpedia.

What is the Fund Sentiment?

There are 2719 funds or institutions reporting positions in Linde Plc.. This is a decrease of 70 owner(s) or 2.51% in the last quarter. Average portfolio weight of all funds dedicated to LIN is 0.75%, a decrease of 2.63%. Total shares owned by institutions increased in the last three months by 1.25% to 468,043K shares. The put/call ratio of LIN is 1.03, indicating a bearish outlook.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,239K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 15,012K shares, representing an increase of 1.49%. The firm increased its portfolio allocation in LIN by 2.14% over the last quarter.

Capital Research Global Investors holds 12,082K shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing an increase of 1.88%. The firm increased its portfolio allocation in LIN by 4.87% over the last quarter.

Massachusetts Financial Services holds 11,891K shares representing 2.43% ownership of the company. In it's prior filing, the firm reported owning 11,058K shares, representing an increase of 7.00%. The firm decreased its portfolio allocation in LIN by 82.38% over the last quarter.

Capital World Investors holds 11,766K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 12,698K shares, representing a decrease of 7.92%. The firm decreased its portfolio allocation in LIN by 2.11% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 11,493K shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 11,429K shares, representing an increase of 0.56%. The firm increased its portfolio allocation in LIN by 1.63% 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.

Additional reading:

• Companies Act 2014 PUBLIC LIMITED COMPANY LINDE PUBLIC LIMITED COMPANY MEMORANDUM OF ASSOCIATION
• LINDE PLC AND SUBSIDIARIES SUMMARY NON-GAAP RECONCILIATIONS
• Final Terms of 3.625% Notes due 2025 of Linde plc
• Final Terms of 3.375% Notes due 2029 of Linde plc
• Final Terms of 3.625% Notes due 2034 of Linde plc

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.