Premier Path Wealth Partners LLC Boosts Stock Holdings in Linde plc (NASDAQ:LIN)

Premier Path Wealth Partners LLC grew its position in Linde plc (NASDAQ:LIN) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,777 shares of the basic materials company’s stock after purchasing an additional 346 shares during the period. Premier Path Wealth Partners LLC’s holdings in Linde were worth $1,219,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LIN. Vanguard Group Inc. boosted its position in Linde by 0.9% in 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 purchasing an additional 405,952 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Linde by 1.3% in 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 buying an additional 141,322 shares during the last quarter. Norges Bank bought a new position in Linde during the fourth quarter valued at about $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings 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 buying an additional 138,585 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in 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 worth $1,343,470,000 after acquiring an additional 66,880 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Mizuho raised their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. UBS Group lowered 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. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

Shares of NASDAQ:LIN traded up $4.03 on Friday, hitting $465.74. The company’s stock had a trading volume of 1,307,373 shares, compared to its average volume of 1,919,406. The company has a market capitalization of $222.39 billion, a PE ratio of 36.13, a PEG ratio of 2.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The company has a 50-day simple moving average of $445.11 and a 200 day simple moving average of $444.40. Linde plc has a 1 year low of $361.02 and a 1 year high of $477.71.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period last year, the firm posted $3.57 earnings per share. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.19%. Linde’s dividend payout ratio is presently 43.13%.

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.