Resonant Capital Advisors LLC Has $930,000 Stake in Linde plc (NASDAQ:LIN)

Resonant Capital Advisors LLC raised its position in Linde plc (NASDAQ:LIN) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,002 shares of the basic materials company’s stock after purchasing an additional 272 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Linde were worth $930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in Linde by 55.2% during the first quarter. Blue Trust Inc. now owns 3,430 shares of the basic materials company’s stock worth $1,593,000 after buying an additional 1,220 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Linde by 68.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 197,996 shares of the basic materials company’s stock worth $86,039,000 after buying an additional 80,567 shares during the last quarter. Retirement Group LLC acquired a new position in Linde during the first quarter worth approximately $25,000. Mission Wealth Management LP increased its position in Linde by 30.9% during the first quarter. Mission Wealth Management LP now owns 2,073 shares of the basic materials company’s stock worth $963,000 after buying an additional 489 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Linde during the first quarter worth approximately $901,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. UBS Group cut Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Wells Fargo & Company boosted their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. HSBC reduced 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 cut Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, BMO Capital Markets reduced 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $468.83.

Linde Price Performance

LIN traded up $2.78 during trading on Friday, hitting $435.72. 1,499,382 shares of the stock traded hands, compared to its average volume of 1,597,938. Linde plc has a twelve month low of $358.37 and a twelve month high of $477.71. The company has a market cap of $209.44 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.72 and a beta of 0.93. 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 business has a 50 day moving average price of $434.46 and a 200 day moving average price of $434.55.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. During the same period in the previous year, the business earned $3.42 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.51 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is presently 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.