Baader Bank INC Boosts Stake in Linde plc (NYSE:LIN)

Baader Bank INC grew its position in shares of Linde plc (NYSE:LINGet Rating) by 51.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 47,683 shares of the basic materials company’s stock after acquiring an additional 16,139 shares during the period. Linde comprises about 1.2% of Baader Bank INC’s holdings, making the stock its 18th largest holding. Baader Bank INC’s holdings in Linde were worth $15,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LIN. Vanguard Group Inc. grew its stake in shares of Linde by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 45,790,090 shares of the basic materials company’s stock worth $14,626,729,000 after buying an additional 125,709 shares during the last quarter. BlackRock Inc. lifted its position in Linde by 5.6% in the 1st quarter. BlackRock Inc. now owns 25,679,214 shares of the basic materials company’s stock valued at $8,202,713,000 after acquiring an additional 1,368,221 shares in the last quarter. State Street Corp lifted its position in Linde by 0.8% in the 4th quarter. State Street Corp now owns 20,502,349 shares of the basic materials company’s stock valued at $7,102,629,000 after acquiring an additional 159,464 shares in the last quarter. Geode Capital Management LLC lifted its position in Linde by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 8,167,370 shares of the basic materials company’s stock valued at $2,821,287,000 after acquiring an additional 115,189 shares in the last quarter. Finally, Capital International Investors lifted its position in Linde by 51.0% in the 4th quarter. Capital International Investors now owns 7,835,794 shares of the basic materials company’s stock valued at $2,714,440,000 after acquiring an additional 2,646,192 shares in the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $285.58 on Wednesday. Linde plc has a one year low of $265.12 and a one year high of $352.18. The stock’s fifty day moving average is $290.47 and its 200 day moving average is $301.98. The stock has a market cap of $142.32 billion, a P/E ratio of 41.39, a P/E/G ratio of 2.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.74.

Linde (NYSE:LINGet Rating) last announced its earnings results on Thursday, July 28th. The basic materials company reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.12. Linde had a return on equity of 13.41% and a net margin of 10.88%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period last year, the firm earned $2.70 EPS. Linde’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Linde plc will post 11.9 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be paid a $1.17 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.68 dividend on an annualized basis and a yield of 1.64%. Linde’s payout ratio is presently 67.83%.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Linde from €370.00 ($377.55) to €355.00 ($362.24) and set a “buy” rating on the stock in a research report on Friday, July 29th. Stifel Nicolaus raised Linde from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Jefferies Financial Group lowered their price objective on Linde from $390.00 to $355.00 in a research report on Thursday, June 16th. Evercore ISI raised Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price target on the stock in a report on Tuesday, May 31st. Finally, Credit Suisse Group began coverage on Linde in a report on Tuesday, May 31st. They set an “outperform” rating and a $380.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.60.

Linde Company Profile

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Linde plc operates as an industrial gas and engineering 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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