801 Shares in Linde plc (NYSE:LIN) Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in Linde plc (NYSE:LINGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 801 shares of the basic materials company’s stock, valued at approximately $256,000.

Other institutional investors have also recently bought and sold shares of the company. Steward Financial Group LLC bought a new position in Linde in the 1st quarter worth $31,000. Hoese & Co LLP bought a new position in shares of Linde during the 1st quarter worth about $32,000. Herold Advisors Inc. bought a new position in shares of Linde during the 1st quarter worth about $32,000. Rational Advisors LLC increased its holdings in shares of Linde by 64.0% during the 1st quarter. Rational Advisors LLC now owns 123 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 48 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its holdings in shares of Linde by 45.1% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 41 shares during the period. Institutional investors own 77.07% of the company’s stock.

Linde Trading Up 0.2 %

LIN opened at $283.36 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market cap of $141.22 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.88. The firm has a 50 day simple moving average of $291.09 and a 200 day simple moving average of $301.89. Linde plc has a fifty-two week low of $265.12 and a fifty-two week high of $352.18.

Linde (NYSE:LINGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The basic materials company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.12. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 10.88% and a return on equity of 13.41%. Linde’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, sell-side analysts anticipate that Linde plc will post 11.89 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, September 1st. Linde’s payout ratio is presently 67.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Linde in a research report on Tuesday, May 31st. They set an “outperform” rating and a $380.00 target price on the stock. UBS Group decreased their target price on shares of Linde from $355.00 to $320.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Bank of America reduced their price target on shares of Linde from $370.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Finally, Jefferies Financial Group reduced their price target on shares of Linde from $390.00 to $355.00 in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus target price 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.

Further Reading

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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