Waverly Advisors LLC Purchases New Holdings in Linde plc (NASDAQ:LIN)

Waverly Advisors LLC purchased a new stake in Linde plc (NASDAQ:LIN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,522 shares of the basic materials company’s stock, valued at approximately $3,493,000.

Several other institutional investors have also made changes to their positions in LIN. Retirement Group LLC acquired a new position in shares of Linde during the first quarter worth $25,000. First Pacific Financial acquired a new position in shares of Linde during the first quarter worth $30,000. Scarborough Advisors LLC acquired a new position in shares of Linde during the fourth quarter worth $30,000. Johnson Financial Group Inc. increased its holdings in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after buying an additional 24 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 0.4 %

NASDAQ LIN traded up $1.63 during trading hours on Tuesday, hitting $451.59. The company’s stock had a trading volume of 666,626 shares, compared to its average volume of 1,974,147. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71. The company has a market capitalization of $217.07 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $437.86 and its two-hundred day simple moving average is $438.69.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.42 EPS. Research analysts anticipate that Linde plc will post 15.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. HSBC cut their price target 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. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Finally, BMO Capital Markets cut their price target on shares of Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $470.10.

Linde Company Profile

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.