HB Wealth Management LLC Boosts Holdings in Linde plc (NASDAQ:LIN)

HB Wealth Management LLC grew its stake in Linde plc (NASDAQ:LIN - Free Report) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,914 shares of the basic materials company's stock after purchasing an additional 1,076 shares during the quarter. HB Wealth Management LLC's holdings in Linde were worth $3,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. TSA Wealth Managment LLC lifted its holdings in Linde by 8.0% during the 2nd quarter. TSA Wealth Managment LLC now owns 719 shares of the basic materials company's stock worth $316,000 after purchasing an additional 53 shares during the last quarter. Kintegral Advisory LLC acquired a new stake in shares of Linde during the second quarter worth $5,166,000. West Branch Capital LLC boosted its position in shares of Linde by 23.4% in the second quarter. West Branch Capital LLC now owns 1,274 shares of the basic materials company's stock valued at $559,000 after acquiring an additional 242 shares during the period. BLB&B Advisors LLC grew its stake in shares of Linde by 2.7% in the second quarter. BLB&B Advisors LLC now owns 17,180 shares of the basic materials company's stock valued at $7,539,000 after acquiring an additional 452 shares in the last quarter. Finally, Conning Inc. grew its stake in shares of Linde by 3.1% in the second quarter. Conning Inc. now owns 3,147 shares of the basic materials company's stock valued at $1,381,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Trading Down 0.0 %

Linde stock traded down $0.11 during mid-day trading on Thursday, hitting $472.73. The company's stock had a trading volume of 944,741 shares, compared to its average volume of 1,902,397. The stock has a market cap of $227.23 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The business has a 50 day moving average price of $446.97 and a 200-day moving average price of $445.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. Linde plc has a 12 month low of $361.02 and a 12 month high of $477.71.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion for the quarter, compared to analysts' expectations of $8.30 billion. During the same period in the previous year, the firm earned $3.57 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts forecast that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde's dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

A number of analysts have issued reports on LIN shares. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a report on Monday, August 5th. HSBC reduced their price target on Linde from $458.00 to $452.00 and set a "buy" rating on the stock in a research report on Monday, May 6th. Mizuho lifted their price objective on Linde from $510.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and an average price target of $484.18.

Linde Profile

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.