Mechanics Bank Trust Department decreased its position in Linde plc (NASDAQ:LIN – Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,528 shares of the basic materials company’s stock after selling 35 shares during the period. Mechanics Bank Trust Department’s holdings in Linde were worth $709,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Linde in the 4th quarter valued at $3,066,825,000. Private Advisor Group LLC grew its holdings in shares of Linde by 104.2% during the 4th quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock worth $7,672,000 after purchasing an additional 468,415 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Linde by 33,201.7% during the 4th quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after purchasing an additional 410,705 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Linde during the 1st quarter worth $171,607,000. Finally, California Public Employees Retirement System grew its holdings in shares of Linde by 37.2% during the 4th quarter. California Public Employees Retirement System now owns 1,282,518 shares of the basic materials company’s stock worth $526,743,000 after purchasing an additional 347,531 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on LIN shares. Mizuho increased their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their price objective on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and raised their price objective for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. HSBC reduced their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, Wolfe Research assumed coverage on Linde in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus price target of $468.83.
Check Out Our Latest Stock Analysis on LIN
Linde Price Performance
Shares of LIN opened at $441.17 on Wednesday. Linde plc has a 1 year low of $358.37 and a 1 year high of $477.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The company has a market capitalization of $212.06 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The business has a 50-day moving average of $436.15 and a 200-day moving average of $433.57.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. During the same quarter last year, the firm posted $3.42 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Linde plc will post 15.51 earnings per share for the current year.
Linde Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $1.39 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s dividend payout ratio (DPR) 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.
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