Syon Capital LLC Acquires 943 Shares of Linde plc (NASDAQ:LIN)

Syon Capital LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,254 shares of the basic materials company’s stock after purchasing an additional 943 shares during the period. Syon Capital LLC’s holdings in Linde were worth $2,569,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Provence Wealth Management Group bought a new stake in shares of Linde during the 3rd quarter worth $29,000. Johnson Financial Group Inc. increased its holdings in Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 24 shares during the last quarter. Addison Advisors LLC increased its holdings in Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 62 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 73 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in Linde in the 4th quarter worth about $39,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LIN shares. BMO Capital Markets decreased their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. 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. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Wolfe Research assumed coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, UBS Group lowered Linde from a “buy” rating to a “neutral” rating and lifted their target price for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $468.83.

Linde Trading Down 0.6 %

Shares of LIN traded down $2.85 during mid-day trading on Friday, hitting $436.95. 1,396,066 shares of the company’s stock traded hands, compared to its average volume of 1,596,934. 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 1 year low of $358.37 and a 1 year high of $477.71. The firm has a market capitalization of $210.03 billion, a P/E ratio of 33.90, a PEG ratio of 2.74 and a beta of 0.95. The business’s 50-day moving average price is $437.57 and its 200-day moving average price is $431.64.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period in the previous year, the firm earned $3.42 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Linde plc will post 15.51 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.27%. Linde’s payout ratio is 43.13%.

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.