Prestige Wealth Management Group LLC Has $910,000 Stock Position in Linde plc (NASDAQ:LIN)

Prestige Wealth Management Group LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 6.6% during the second quarter, HoldingsChannel reports. The firm owned 2,074 shares of the basic materials company’s stock after selling 147 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Linde were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LIN. Fisher Asset Management LLC grew its holdings in shares of Linde by 30.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company’s stock valued at $550,000 after purchasing an additional 310 shares during the last quarter. LSV Asset Management grew its stake in shares of 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 buying an additional 500 shares during the last quarter. Buckingham Capital Management Inc. acquired a new position in shares of Linde during the fourth quarter worth $392,000. Johnson Investment Counsel Inc. increased its holdings in shares of Linde by 0.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 10,082 shares of the basic materials company’s stock worth $4,141,000 after buying an additional 31 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Linde by 21.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 195 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group dropped their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Finally, Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Down 1.9 %

Shares of LIN stock traded down $8.67 during mid-day trading on Friday, hitting $456.85. The company’s stock had a trading volume of 2,012,129 shares, compared to its average volume of 1,897,746. The company has a market cap of $219.60 billion, a PE ratio of 35.44, a P/E/G ratio of 3.00 and a beta of 0.94. 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’s fifty day simple moving average is $451.18 and its 200-day simple moving average is $447.95. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79.

Linde (NASDAQ:LIN) last issued its 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 business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 earnings per share. As a group, equities research analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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