Linde plc (NASDAQ:LIN) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,054 shares of the basic materials company’s stock after purchasing an additional 29 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Linde were worth $489,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Linde by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after acquiring an additional 141,322 shares in the last quarter. Norges Bank purchased a new position in Linde during the fourth quarter worth approximately $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Linde by 3.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock worth $1,624,462,000 after purchasing an additional 138,585 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Linde by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,830,970 shares of the basic materials company’s stock valued at $1,162,708,000 after purchasing an additional 64,362 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Linde by 6.2% in the third quarter. Royal Bank of Canada now owns 2,210,751 shares of the basic materials company’s stock valued at $823,174,000 after buying an additional 129,610 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LIN. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and increased their target price for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. HSBC dropped their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Wolfe Research assumed coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Mizuho increased their target price on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

Linde Stock Up 0.0 %

Shares of LIN stock traded up $0.09 during trading on Friday, reaching $440.31. The company’s stock had a trading volume of 293,818 shares, compared to its average volume of 2,049,611. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a 1-year low of $358.37 and a 1-year high of $477.71. The company has a market capitalization of $211.65 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 2.75 and a beta of 0.95. The stock’s 50-day moving average price is $435.99 and its 200 day moving average price is $433.60.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s dividend payout ratio is presently 43.13%.

About Linde

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.