Waverly Advisors LLC Acquires Shares of 7,522 Linde plc (NASDAQ:LIN)

Waverly Advisors LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) in the 1st quarter, Holdings Channel reports. The firm purchased 7,522 shares of the basic materials company’s stock, valued at approximately $3,493,000.

Several other institutional investors also recently modified their holdings of LIN. Price T Rowe Associates Inc. MD increased its stake 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 buying an additional 141,322 shares during the last quarter. Provence Wealth Management Group lifted its holdings in shares of Linde by 655.7% during the 4th 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 4th quarter worth $203,000. Douglass Winthrop Advisors LLC lifted its holdings in shares of Linde by 2.0% during the 4th 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 purchased a new position in Linde in the 4th quarter worth $1,897,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LIN shares. HSBC decreased their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company boosted their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Mizuho upped their target price on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research note 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 report on Tuesday, July 9th. Finally, Citigroup upped their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $470.10.

Linde Trading Up 0.4 %

LIN stock traded up $1.63 during trading on Tuesday, hitting $451.59. The company had a trading volume of 666,626 shares, compared to its average volume of 1,974,147. The firm has a market capitalization of $217.07 billion, a P/E ratio of 35.28, a PEG ratio of 2.85 and a beta of 0.94. Linde plc has a 52-week low of $361.02 and a 52-week high of $477.71. The company has a 50 day simple moving average of $437.86 and a 200-day simple moving average of $438.69. 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 (NASDAQ:LIN) last posted its 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 business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.42 EPS. As a group, research analysts forecast that Linde plc will post 15.49 earnings per share for the current fiscal year.

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.