Linde plc (NASDAQ:LIN) Shares Sold by Hamilton Wealth LLC

Hamilton Wealth LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 45.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 533 shares of the basic materials company’s stock after selling 441 shares during the quarter. Hamilton Wealth LLC’s holdings in Linde were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LIN. Retirement Group LLC acquired a new position in Linde during the first quarter worth $25,000. First Pacific Financial purchased a new stake in shares of Linde in the 1st quarter worth about $30,000. Scarborough Advisors LLC acquired a new stake in Linde in the 4th quarter valued at about $30,000. Valued Wealth Advisors LLC raised its position in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LIN shares. HSBC reduced their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Mizuho raised their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $477.25.

Linde Stock Up 0.1 %

Shares of NASDAQ:LIN traded up $0.66 during midday trading on Friday, reaching $454.00. The company had a trading volume of 2,714,589 shares, compared to its average volume of 1,497,816. The stock has a market capitalization of $218.23 billion, a P/E ratio of 35.22, a PEG ratio of 2.86 and a beta of 0.94. The stock’s fifty day moving average price is $439.34 and its 200-day moving average price is $439.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a one year low of $361.02 and a one year high of $477.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $3.57 EPS. Equities research analysts expect that Linde plc will post 15.49 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced 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. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s payout ratio is 43.13%.

About Linde

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.