M&R Capital Management Inc. Sells 297 Shares of Linde plc (NASDAQ:LIN)

M&R Capital Management Inc. cut its holdings in Linde plc (NASDAQ:LINFree Report) by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444 shares of the basic materials company’s stock after selling 297 shares during the period. M&R Capital Management Inc.’s holdings in Linde were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LIN. Johnson Financial Group Inc. lifted its holdings in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 25 shares in the last quarter. Claro Advisors LLC increased its holdings in Linde by 1.1% in the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after acquiring an additional 25 shares in the last quarter. Holderness Investments Co. increased its stake in shares of Linde by 1.4% during the fourth quarter. Holderness Investments Co. now owns 1,863 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 25 shares in the last quarter. Finally, Seven Mile Advisory increased its stake in Linde by 4.2% during the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after buying an additional 26 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. HSBC dropped their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. BMO Capital Markets cut their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Citigroup cut shares of Linde from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Wells Fargo & Company raised their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Six equities 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, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.83.

Read Our Latest Analysis on LIN

Linde Stock Performance

Shares of LIN stock traded down $0.54 during trading hours on Tuesday, reaching $440.09. The stock had a trading volume of 627,013 shares, compared to its average volume of 2,064,903. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The firm has a 50-day simple moving average of $437.15 and a 200-day simple moving average of $431.97. The firm has a market capitalization of $211.54 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95. Linde plc has a twelve month low of $358.37 and a twelve month high of $477.71.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period last year, the firm earned $3.42 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Linde plc will post 15.51 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, June 4th. Linde’s payout ratio is presently 43.13%.

About Linde

(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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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