AAFMAA Wealth Management & Trust LLC Raises Stake in Linde plc (NASDAQ:LIN)

AAFMAA Wealth Management & Trust LLC raised its holdings in Linde plc (NASDAQ:LIN) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,936 shares of the basic materials company’s stock after purchasing an additional 125 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Linde were worth $2,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. HTLF Bank acquired a new position in shares of Linde in the fourth quarter valued at approximately $432,000. Cannon Global Investment Management LLC purchased a new position in Linde during the 4th quarter worth $1,766,000. Andrew Hill Investment Advisors Inc. purchased a new position in Linde during the 4th quarter worth $3,307,000. Schear Investment Advisers LLC lifted its stake in shares of Linde by 1.3% in the 4th quarter. Schear Investment Advisers LLC now owns 2,486 shares of the basic materials company’s stock worth $1,021,000 after acquiring an additional 33 shares during the period. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Linde by 2.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,730 shares of the basic materials company’s stock valued at $711,000 after acquiring an additional 46 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 0.4 %

NASDAQ LIN traded up $1.76 during mid-day trading on Monday, reaching $458.58. 1,013,077 shares of the stock were exchanged, compared to its average volume of 1,940,121. The stock has a market capitalization of $218.97 billion, a PE ratio of 35.44, a PEG ratio of 2.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a 1-year low of $361.02 and a 1-year high of $477.71. The business’s fifty day simple moving average is $442.56 and its 200 day simple moving average is $442.99.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.57 earnings per share. On average, research analysts anticipate that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LIN shares. HSBC cut their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their price target on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Bank of America upped their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.