Strategic Global Advisors LLC Has $1.51 Million Stake in Linde plc (NASDAQ:LIN)

Strategic Global Advisors LLC decreased its holdings in Linde plc (NASDAQ:LINFree Report) by 67.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,667 shares of the basic materials company’s stock after selling 7,506 shares during the quarter. Strategic Global Advisors LLC’s holdings in Linde were worth $1,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Financial Group Inc. raised its position in shares of Linde by 44.4% in 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 in the last quarter. Clear Harbor Asset Management LLC increased its position in Linde by 1.8% during the 4th 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 position in Linde by 1.1% during the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 25 shares in the last quarter. Holderness Investments Co. increased its position in Linde by 1.4% during the 4th 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 position 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 purchasing an additional 26 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

LIN stock opened at $432.00 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The firm has a market cap of $207.65 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.72 and a beta of 0.95. The company’s fifty day simple moving average is $439.56 and its 200 day simple moving average is $431.10. Linde plc has a 12-month low of $358.37 and a 12-month high of $477.71.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The company 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 period in the previous year, the business earned $3.42 EPS. On average, analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio is presently 43.13%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LIN shares. Mizuho upped their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. BMO Capital Markets lowered their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. HSBC lowered their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wolfe Research started coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $468.83.

Check Out Our Latest Research Report on Linde

Linde Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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