Linde stock is trading -9.23% below its average target price of $423.76 after dropping -1.3% during today's afternoon session. Analysts are giving the large-cap Chemicals company an average rating of buy and target prices ranging from $339.0 to $461.36 per share.
The stock has a very low short interest at 0.6%, and a short ratio of 2.69. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.5% of Linde's shares being owned by this investor type.
Institutions Invested in Linde
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 43,954,621 | $16,907,584,674 |
| 2023-06-30 | Blackrock Inc. | 7% | 34,434,793 | $13,245,687,601 |
| 2023-06-30 | State Street Corporation | 4% | 20,118,836 | $7,738,911,529 |
| 2023-06-30 | FMR, LLC | 3% | 13,564,844 | $5,217,852,942 |
| 2023-06-30 | Massachusetts Financial Services Co. | 2% | 12,121,647 | $4,662,712,779 |
| 2023-06-30 | Capital Research Global Investors | 2% | 12,033,505 | $4,628,808,077 |
| 2023-06-30 | Capital World Investors | 2% | 11,856,849 | $4,560,855,579 |
| 2023-06-30 | Capital International Investors | 2% | 11,214,833 | $4,313,897,702 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 9,568,654 | $3,680,678,482 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 9,064,242 | $3,486,651,360 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Linde.
