480 Shares in Linde plc (NASDAQ:LIN) Acquired by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC bought a new position in shares of Linde plc (NASDAQ:LIN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 480 shares of the basic materials company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. Provence Wealth Management Group raised its position in shares of Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 518 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Linde during the fourth quarter worth $203,000. Douglass Winthrop Advisors LLC raised its position in shares of Linde by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after acquiring an additional 104 shares during the last quarter. Finally, Portfolio Design Labs LLC bought a new stake in shares of Linde during the fourth quarter worth $1,897,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LIN shares. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, 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 research note on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $464.25.

Linde Stock Down 0.4 %

Shares of Linde stock traded down $1.82 during trading on Monday, reaching $438.88. The stock had a trading volume of 641,796 shares, compared to its average volume of 2,022,226. The company has a market capitalization of $210.96 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.78 and a beta of 0.94. The stock has a fifty day moving average price of $434.57 and a two-hundred day moving average price of $435.79. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.42 earnings per share. Sell-side analysts predict that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $1.39 per share. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.27%. Linde’s payout ratio is presently 43.13%.

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.