Synergy Asset Management LLC raised its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,998 shares of the basic materials company's stock after acquiring an additional 2,084 shares during the period. Synergy Asset Management LLC's holdings in Linde were worth $4,826,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in Linde by 30.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company's stock worth $550,000 after purchasing an additional 310 shares during the period. LSV Asset Management lifted its stake in Linde by 45.5% during the fourth quarter. LSV Asset Management now owns 1,600 shares of the basic materials company's stock worth $657,000 after purchasing an additional 500 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Linde by 7.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,359 shares of the basic materials company's stock worth $558,000 after purchasing an additional 92 shares during the last quarter. Everpar Advisors LLC purchased a new position in Linde in the fourth quarter valued at approximately $221,000. Finally, Wealthspire Advisors LLC lifted its position in shares of Linde by 16.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,164 shares of the basic materials company's stock worth $1,300,000 after buying an additional 449 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LIN. BMO Capital Markets reiterated an "outperform" rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Citigroup upped their target price on Linde from $470.00 to $480.00 and gave the company a "neutral" rating in a research report on Friday, July 12th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 9th. Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $484.18.
Check Out Our Latest Stock Report on LIN
Linde Trading Down 1.9 %
Shares of NASDAQ:LIN traded down $8.67 during trading on Friday, reaching $456.85. The stock had a trading volume of 2,012,087 shares, compared to its average volume of 1,897,746. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market cap of $218.15 billion, a P/E ratio of 35.44, a PEG ratio of 3.00 and a beta of 0.94. The business has a fifty day moving average price of $451.18 and a 200-day moving average price of $447.87. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $479.79.
Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 EPS. As a group, analysts anticipate that Linde plc will post 15.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde's dividend payout ratio is currently 43.13%.
About Linde
(
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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