Congress Asset Management Co. MA Buys 1,377 Shares of Linde plc (NYSE:LIN)

Congress Asset Management Co. MA lifted its stake in shares of Linde plc (NYSE:LINFree Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,174 shares of the basic materials company’s stock after buying an additional 1,377 shares during the period. Congress Asset Management Co. MA’s holdings in Linde were worth $14,959,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Country Club Bank GFN lifted its holdings in shares of Linde by 0.8% during the second quarter. Country Club Bank GFN now owns 3,385 shares of the basic materials company’s stock worth $1,284,000 after purchasing an additional 26 shares during the period. Forum Financial Management LP lifted its stake in shares of Linde by 0.8% in the second quarter. Forum Financial Management LP now owns 3,543 shares of the basic materials company’s stock worth $1,350,000 after acquiring an additional 28 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of Linde by 2.3% in the third quarter. Arete Wealth Advisors LLC now owns 1,247 shares of the basic materials company’s stock worth $465,000 after acquiring an additional 28 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Linde by 12.8% in the second quarter. SRS Capital Advisors Inc. now owns 246 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 28 shares during the period. Finally, Veracity Capital LLC lifted its stake in shares of Linde by 1.2% in the second quarter. Veracity Capital LLC now owns 2,481 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 29 shares during the period. 80.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Citigroup boosted their target price on shares of Linde from $448.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. BMO Capital Markets upped their price objective on shares of Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. HSBC upped their target price on Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a research report on Friday, November 24th. Finally, UBS Group lowered their target price on Linde from $450.00 to $445.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $428.85.

View Our Latest Stock Analysis on LIN

Linde Trading Up 0.0 %

NYSE:LIN opened at $406.75 on Thursday. Linde plc has a 12 month low of $318.88 and a 12 month high of $434.21. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $408.15 and its 200 day moving average is $389.63. The stock has a market capitalization of $197.23 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.91.

Linde (NYSE:LINGet Free Report) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.06. Linde had a return on equity of 16.59% and a net margin of 18.44%. The firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the firm earned $3.10 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Sell-side analysts expect that Linde plc will post 14.11 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a $1.275 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $5.10 dividend on an annualized basis and a yield of 1.25%. Linde’s dividend payout ratio is 42.11%.

About Linde

(Free Report)

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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.

Recommended Stories

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 (NYSE:LINFree Report).

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.