Linde plc (NASDAQ:LIN) Holdings Lifted by Rockingstone Advisors LLC

Rockingstone Advisors LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,267 shares of the basic materials company’s stock after acquiring an additional 44 shares during the quarter. Linde comprises about 1.9% of Rockingstone Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Rockingstone Advisors LLC’s holdings in Linde were worth $3,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LIN. Price T Rowe Associates Inc. MD boosted its stake in shares of Linde by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after acquiring an additional 141,322 shares in the last quarter. Provence Wealth Management Group lifted its holdings in shares of Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 518 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Linde in the 4th quarter valued at $203,000. Douglass Winthrop Advisors LLC increased its stake in Linde by 2.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after purchasing an additional 104 shares in the last quarter. Finally, Portfolio Design Labs LLC acquired a new stake in Linde during the 4th quarter worth about $1,897,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 0.1 %

Shares of Linde stock traded up $0.68 during trading on Friday, hitting $456.82. 1,115,354 shares of the stock traded hands, compared to its average volume of 1,945,987. 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 cap of $219.58 billion, a P/E ratio of 35.33, a PEG ratio of 2.80 and a beta of 0.94. The company has a fifty day moving average price of $442.09 and a two-hundred day moving average price of $442.12. Linde plc has a twelve month low of $361.02 and a twelve month high of $477.71.

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

Linde Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Linde from $475.00 to $477.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Bank of America boosted their target price 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. UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Citigroup upped their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their price objective on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.