Linde plc (NASDAQ:LIN) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Linde plc (NASDAQ:LIN - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 544,435 shares of the basic materials company's stock after purchasing an additional 28,418 shares during the quarter. Natixis Advisors LLC owned about 0.11% of Linde worth $238,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Group LLC purchased a new position in shares of Linde during the 1st quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of Linde during the 2nd quarter valued at about $28,000. First Pacific Financial purchased a new position in shares of Linde in the 1st quarter valued at about $30,000. Scarborough Advisors LLC purchased a new position in Linde during the fourth quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. increased its position in shares of Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company's stock valued at $32,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LIN. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. BMO Capital Markets restated an "outperform" rating and issued a $477.00 price objective on shares of Linde in a report on Friday. Citigroup upped their target price on shares of Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Finally, Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and an average price target of $484.18.

Linde Trading Up 1.2 %

Shares of NASDAQ LIN traded up $5.52 during trading on Friday, reaching $478.25. The stock had a trading volume of 1,385,635 shares, compared to its average volume of 1,311,057. The business's 50-day moving average price is $448.28 and its 200-day moving average price is $446.55. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $479.79. 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 company has a market cap of $228.36 billion, a P/E ratio of 37.10, a PEG ratio of 3.00 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.57 earnings per share. On average, equities research analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid 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 dividend yield of 1.16%. Linde's payout ratio is 43.13%.

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.