466 Shares in Linde plc (NASDAQ:LIN) Purchased by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. acquired a new stake in Linde plc (NASDAQ:LIN) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 466 shares of the basic materials company’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in shares of Linde by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company’s stock worth $550,000 after acquiring an additional 310 shares during the period. LSV Asset Management boosted its stake in Linde by 45.5% in the 4th quarter. LSV Asset Management now owns 1,600 shares of the basic materials company’s stock worth $657,000 after purchasing an additional 500 shares during the period. Wealthspire Advisors LLC grew its holdings in Linde by 16.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,164 shares of the basic materials company’s stock valued at $1,300,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. purchased a new position in Linde during the 4th quarter valued at about $2,293,000. Finally, Buckingham Capital Management Inc. bought a new stake in shares of Linde during the fourth quarter valued at about $392,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Down 1.9 %

Shares of NASDAQ:LIN opened at $456.85 on Friday. The firm has a market capitalization of $218.15 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a 52-week low of $361.02 and a 52-week high of $479.79. The firm has a fifty day moving average of $451.18 and a 200 day moving average of $447.87.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 EPS. As a group, research analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LIN shares. JPMorgan Chase & Co. raised their price objective 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. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. UBS Group reduced their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde 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.