Linde plc (NASDAQ:LIN) Position Lowered by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of Linde plc (NASDAQ:LIN) by 1.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,581 shares of the basic materials company’s stock after selling 38 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Linde were worth $1,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Group LLC acquired a new position in Linde in the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in Linde in the first quarter worth $30,000. Scarborough Advisors LLC bought a new stake in Linde in the fourth quarter valued at $30,000. Johnson Financial Group Inc. boosted its holdings in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.1 %

Shares of LIN traded up $0.68 during mid-day trading on Friday, reaching $456.82. The company’s stock had a trading volume of 1,115,354 shares, compared to its average volume of 1,945,987. Linde plc has a 1 year low of $361.02 and a 1 year high of $477.71. 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 company has a market cap of $219.58 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. The business has a fifty day moving average of $442.09 and a 200 day moving average of $442.12.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, September 4th. Linde’s payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LIN shares. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Mizuho lifted their price target on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 3rd. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.