NewSquare Capital LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 2,072.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,803 shares of the basic materials company's stock after purchasing an additional 1,720 shares during the quarter. NewSquare Capital LLC's holdings in Linde were worth $791,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD increased its holdings in Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company's stock valued at $4,434,406,000 after buying an additional 141,322 shares during the period. Provence Wealth Management Group lifted its stake in Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company's stock worth $245,000 after purchasing an additional 518 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Linde in the 4th quarter valued at $203,000. Douglass Winthrop Advisors LLC increased its stake in shares of Linde by 2.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company's stock valued at $2,168,000 after purchasing an additional 104 shares during the last quarter. Finally, Portfolio Design Labs LLC acquired a new position in shares of Linde during the 4th quarter worth $1,897,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Trading Down 0.0 %
Shares of LIN traded down $0.04 during mid-day trading on Thursday, reaching $461.71. 1,179,122 shares of the company were exchanged, compared to its average volume of 1,923,631. The business has a 50 day simple moving average of $444.09 and a two-hundred day simple moving average of $443.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The stock has a market capitalization of $220.47 billion, a PE ratio of 35.82, a PEG ratio of 2.86 and a beta of 0.94. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the business earned $3.57 EPS. The company's revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.20%. Linde's payout ratio is currently 43.13%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on LIN. BMO Capital Markets raised their price objective on Linde from $475.00 to $477.00 and gave the company an "outperform" rating in a research note on Tuesday, August 6th. HSBC dropped their price objective on shares of Linde from $458.00 to $452.00 and set a "buy" rating for the company in a research note on Monday, May 6th. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a "neutral" rating for the company in a research note on Tuesday, July 9th. Finally, Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and a consensus target price of $484.18.
Check Out Our Latest Stock Analysis on LIN
Linde Company Profile
(
Free Report)
Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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