Did You Miss Your Chance to Buy Linde plc (LIN)?

Linde plc (NYSE:LIN) is now worth $86.09B thanks to -3.02% drop in recent trade and currently has a price tag of $155.98. The shares traded as low as $153 and had $159.02 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 4,756,412 shares versus 2,971,250 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,184,696 shares. The stock is now 2.94% above against its bear-market low of $151.52.

LIN’s stock currently has a total float of 550.66M shares. Its weekly volatility is hovering around 2.87% and felt 2.42% volatility in price over a month. On the upside, the share price will test short term resistance at around $159. On a downside, the stock is likely to find some support, which begins at $152.98. The failure to get near-term support could push it to $149.98.

Separately, it has been reported that multiple insider activity took place at Linde plc (LIN). Head of Americas Gases Group Menezes Eduardo F sold 3,852 shares for $53,115 in transaction occurred on 2018/11/29. After making this transaction, the Head of Americas Gases Group owns a direct stake of 570,173 shares, worth $8,284,878, as per the last closing price. On 2018/11/29 Menezes Eduardo F, Head of Americas Gases Group at LIN, dumped 6,335 shares at an average price of $156 per share. The selling total is valued at $8,843,130.

Head of Linde Engineering, Bruch Christian had invested in 693 shares for $8,458 through a trade on 2018/11/23. Following this activity, the insider holds 108,448 shares worth $1,319,279 as of recent close.

When looking at valuations, Linde plc (LIN) has a pricey P/E of 24.81x as compared to industry average of 23.55x. Moreover, it trades for 23.26 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 7.21x price/book and 7.15x price/sales. Compared to others, Linde plc is in a different league with regards to profitability, having net margins of 11.9%. To put some perspective around this, the industry’s average net margin is 9.47%. LIN’s ROE is 23.3%, which is also considerably better than the industry’s ROE of 6.65%. It’s also not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 1.33.

Shares of Linde plc (LIN) have dropped -3% since the company’s last earnings report. Over the past 12 fiscal quarters, Linde plc (NYSE:LIN) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 2 occasion EPS met analyst expectations. LIN last reported earnings on July 26, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.69 per share, -69.98% change on the same period last year. That was better than consensus for $1.6. Revenue for the recent quarter stood at $3.06 billion, up 8% on last year and above the $3.05 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $7.25 billion to $7.25 billion, which should be compared with $3 billion generated last year. EPS is seen in a range of $1.7 to $1.7, against the $1.62 reported a year ago.