Foundations Investment Advisors LLC Takes Position in Linde plc (NYSE:LIN)

Foundations Investment Advisors LLC purchased a new stake in shares of Linde plc (NYSE:LINGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 864 shares of the basic materials company’s stock, valued at approximately $237,000.

A number of other institutional investors have also recently made changes to their positions in the company. Charter Trust Co. grew its holdings in shares of Linde by 5.3% during the first quarter. Charter Trust Co. now owns 636 shares of the basic materials company’s stock valued at $203,000 after buying an additional 32 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its stake in shares of Linde by 2.0% during the 1st quarter. Wealth Alliance Advisory Group LLC now owns 1,624 shares of the basic materials company’s stock worth $519,000 after acquiring an additional 32 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Linde by 3.4% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 984 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 32 shares during the last quarter. Baldwin Brothers LLC MA boosted its stake in shares of Linde by 11.0% during the 1st quarter. Baldwin Brothers LLC MA now owns 333 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 33 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Linde by 2.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,234 shares of the basic materials company’s stock worth $427,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Jefferies Financial Group dropped their price target on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. Evercore ISI upgraded shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price objective on the stock in a research report on Tuesday, May 31st. Stifel Nicolaus upgraded shares of 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. UBS Group decreased their price objective 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. Finally, Bank of America decreased their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.60.

Linde Price Performance

LIN stock opened at $283.36 on Monday. Linde plc has a 12 month low of $265.12 and a 12 month high of $352.18. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $291.09 and a 200 day moving average price of $301.89. The stock has a market cap of $141.22 billion, a PE ratio of 41.07, a P/E/G ratio of 2.38 and a beta of 0.88.

Linde (NYSE:LINGet Rating) last released its quarterly 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. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 10.88% and a return on equity of 13.41%. The firm’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 company earned $2.70 EPS. Equities research analysts anticipate that Linde plc will post 11.89 earnings per share for the current year.

Linde Dividend Announcement

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

About Linde

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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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