Dynasty Wealth Management LLC Makes New Investment in Linde plc (NASDAQ:LIN)

Dynasty Wealth Management LLC acquired a new position in shares of Linde plc (NASDAQ:LIN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,343 shares of the basic materials company’s stock, valued at approximately $624,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Linde by 0.9% during the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after buying an additional 405,952 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 1.3% during the fourth 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 buying an additional 141,322 shares in the last quarter. Norges Bank acquired a new stake in shares of Linde in the fourth quarter valued at approximately $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Linde by 3.6% in 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 valued at $1,624,462,000 after purchasing an additional 138,585 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Linde by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,893,414 shares of the basic materials company’s stock valued at $1,343,470,000 after purchasing an additional 66,880 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LIN shares. Mizuho raised their price target on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 3rd. UBS Group lowered their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. HSBC reduced their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reduced their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $470.10.

Linde Stock Performance

LIN traded up $4.33 on Wednesday, reaching $455.18. The company had a trading volume of 585,335 shares, compared to its average volume of 1,972,363. The company’s fifty day moving average is $438.18 and its 200 day moving average is $438.98. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $477.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The stock has a market cap of $218.80 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.84 and a beta of 0.93.

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 analysts’ consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.42 EPS. As a group, analysts predict that Linde plc will post 15.49 earnings per share for the current fiscal year.

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.