Catalina Capital Group LLC Buys 605 Shares of Linde plc (NASDAQ:LIN)

Catalina Capital Group LLC raised its stake in shares of Linde plc (NASDAQ:LINFree Report) by 75.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,403 shares of the basic materials company’s stock after buying an additional 605 shares during the quarter. Catalina Capital Group LLC’s holdings in Linde were worth $652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Retirement Group LLC bought a new stake in Linde in the 1st quarter valued at $25,000. First Pacific Financial acquired a new stake in Linde in the 1st quarter valued at approximately $30,000. Scarborough Advisors LLC bought a new stake in Linde in the 4th quarter valued at approximately $30,000. Valued Wealth Advisors LLC boosted its position in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Linde by 44.4% during 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 in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN traded up $3.75 during trading on Wednesday, hitting $434.95. 1,553,960 shares of the company were exchanged, compared to its average volume of 2,038,320. 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 $361.02 and a 1-year high of $477.71. The company has a market capitalization of $209.07 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. The business’s 50 day moving average is $434.08 and its 200-day moving average is $435.24.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s dividend payout ratio is 43.13%.

Analysts Set New Price Targets

Several research firms have weighed in on LIN. HSBC lowered their price target on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Mizuho upped their price target on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. UBS Group decreased their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup cut shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, BMO Capital Markets reduced their price target on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $465.92.

Get Our Latest Stock Report on LIN

Linde Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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