Linde plc (NASDAQ:LIN) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 58.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,761 shares of the basic materials company’s stock after acquiring an additional 1,763 shares during the quarter. GAMMA Investing LLC’s holdings in Linde were worth $2,089,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LIN. Members Trust Co grew its holdings in Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after buying an additional 23 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Linde by 44.4% during 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. Valued Wealth Advisors LLC grew its holdings in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, CNB Bank grew its holdings in Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.1 %

LIN traded up $0.66 during trading hours on Friday, reaching $454.00. 2,714,589 shares of the company’s stock traded hands, compared to its average volume of 1,497,816. The firm has a market capitalization of $218.23 billion, a PE ratio of 35.22, a PEG ratio of 2.86 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. Linde plc has a 52-week low of $361.02 and a 52-week high of $477.71. The firm has a 50-day moving average price of $439.34 and a 200 day moving average price of $439.96.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company posted $3.57 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde’s payout ratio is presently 43.13%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. HSBC reduced their target price on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company boosted their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, BMO Capital Markets reduced their target price on 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 four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $477.25.

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.