Hamilton Wealth LLC Cuts Position in Linde plc (NASDAQ:LIN)

Hamilton Wealth LLC cut its holdings in Linde plc (NASDAQ:LIN) by 45.3% during the 1st quarter, Holdings Channel reports. The firm owned 533 shares of the basic materials company’s stock after selling 441 shares during the period. Hamilton Wealth LLC’s holdings in Linde were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Global Retirement Partners LLC lifted its holdings in shares of Linde by 36.9% during the fourth quarter. Global Retirement Partners LLC now owns 860 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 232 shares during the last quarter. Essex Savings Bank acquired a new stake in Linde during the fourth quarter valued at approximately $243,000. Webster Bank N. A. boosted its stake in Linde by 11.1% in the fourth quarter. Webster Bank N. A. now owns 1,000 shares of the basic materials company’s stock worth $411,000 after purchasing an additional 100 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Linde by 160.9% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 334 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 206 shares during the period. Finally, Trust Point Inc. acquired a new stake in Linde during the 4th quarter worth $1,413,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent research reports. BMO Capital Markets dropped their price target on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. UBS Group reduced their target price 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 shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Wells Fargo & Company raised their target price 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. Finally, HSBC lowered their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $477.25.

Linde Trading Up 0.1 %

Shares of NASDAQ LIN traded up $0.66 during trading hours on Friday, hitting $454.00. The company’s stock had a trading volume of 2,714,589 shares, compared to its average volume of 1,497,816. Linde plc has a 12 month low of $361.02 and a 12 month high of $477.71. The business has a 50-day simple moving average of $439.34 and a 200-day simple moving average of $439.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The stock has a market cap of $218.23 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 2.86 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. Linde’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $3.57 EPS. On average, analysts anticipate that Linde plc will post 15.49 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio is currently 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.