1 week Ago By ABMN Staff
Private Advisor Group LLC grew its position in shares of Linde plc ( NASDAQ:LIN – Free Report ) by 7.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,143 shares of the basic materials company’s stock after buying an additional 1,475 shares during the period.
Private Advisor Group LLC’s holdings in Linde were worth $8,839,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Linde during the fourth quarter worth $3,066,825,000.
Clearbridge Investments LLC grew its stake in Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after purchasing an additional 1,558,538 shares during the period.
Swedbank AB bought a new position in Linde in the 2nd quarter valued at $420,720,000. ProShare Advisors LLC grew its stake in Linde by 91.6% in the 1st quarter.
ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock valued at $449,648,000 after purchasing an additional 463,096 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in Linde in the 1st quarter valued at $210,480,000.
Institutional investors own 82.80% of the company’s stock. Analyst Ratings Changes A number of research analysts have issued reports on the company.
JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.
00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group reduced their price objective on Linde from $490.00 to $475.
00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Citigroup upped their price objective on Linde from $470.00 to $480.
00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America upped their price target on Linde from $495.00 to $516.
00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th.
Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $484.
18. Linde Stock Performance Shares of LIN opened at $456.85 on Monday.
The stock’s 50-day simple moving average is $451.18 and its 200 day simple moving average is $448.01.
The stock has a market capitalization of $218.15 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.
86 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.
Linde plc has a 52-week low of $361.02 and a 52-week high of $479.79.
Linde ( NASDAQ:LIN – Get Free Report ) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.
79 by $0.06. The business had revenue of $8.
30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.
92% and a net margin of 19.49%. The firm’s quarterly revenue was up 1.
2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.57 EPS.
Research analysts forecast that Linde plc will post 15.54 EPS 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 issued a dividend of $1.39 per share. The ex-dividend date of this dividend is Wednesday, September 4th.
This represents a $5.56 dividend on an annualized basis and a yield of 1.22%.
Linde’s dividend payout ratio (DPR) is 43.13%. Linde Profile ( 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. Read More Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc ( NASDAQ:LIN – Free Report ).
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