Linde plc (NASDAQ:LIN) Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC trimmed its holdings in Linde plc (NASDAQ:LINFree Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 548 shares of the basic materials company’s stock after selling 50 shares during the period. Capital Market Strategies LLC’s holdings in Linde were worth $254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LIN. Provence Wealth Management Group purchased a new stake in shares of Linde during the 3rd quarter valued at about $29,000. Scarborough Advisors LLC purchased a new stake in shares of Linde during the 4th quarter valued at about $30,000. Johnson Financial Group Inc. raised 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 buying an additional 24 shares during the period. Addison Advisors LLC grew its stake in Linde by 310.0% during the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in Linde by 347.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 73 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LIN. Mizuho raised their price objective on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wolfe Research began coverage on Linde in a research note on Friday, March 1st. They set a “peer perform” rating for the company. BMO Capital Markets lowered their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $468.83.

Get Our Latest Analysis on LIN

Linde Trading Down 0.1 %

Shares of LIN stock traded down $0.61 during trading hours on Wednesday, reaching $440.02. The company had a trading volume of 1,384,539 shares, compared to its average volume of 1,631,196. The company has a 50 day moving average of $436.79 and a 200 day moving average of $432.17. 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 market cap of $211.51 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.76 and a beta of 0.95. Linde plc has a 1-year low of $358.37 and a 1-year high of $477.71.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.42 EPS. On average, equities research analysts anticipate that Linde plc will post 15.51 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.26%. The ex-dividend date was 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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