Commerzbank Aktiengesellschaft FI Has $995,000 Holdings in Linde plc (NASDAQ:LIN)

Commerzbank Aktiengesellschaft FI lifted its holdings in Linde plc (NASDAQ:LIN) by 46.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,266 shares of the basic materials company’s stock after acquiring an additional 718 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Linde were worth $995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LIN. Hobbs Group Advisors LLC bought a new stake in shares of Linde during the 2nd quarter valued at $47,000. Consolidated Investment Group LLC increased its position in shares of Linde by 38.9% in the 2nd quarter. Consolidated Investment Group LLC now owns 5,000 shares of the basic materials company’s stock valued at $2,194,000 after buying an additional 1,400 shares in the last quarter. Freedom Day Solutions LLC increased its position in shares of Linde by 5.6% in the 2nd quarter. Freedom Day Solutions LLC now owns 5,323 shares of the basic materials company’s stock valued at $2,335,000 after buying an additional 281 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in Linde by 7.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 885 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 59 shares during the period. Finally, Pallas Capital Advisors LLC boosted its stake in Linde by 1.8% in the 2nd quarter. Pallas Capital Advisors LLC now owns 35,079 shares of the basic materials company’s stock worth $15,647,000 after purchasing an additional 624 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

Shares of NASDAQ LIN traded up $3.68 during trading hours on Wednesday, hitting $461.75. 848,195 shares of the stock were exchanged, compared to its average volume of 1,926,276. Linde plc has a 1-year low of $361.02 and a 1-year high of $477.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company has a market cap of $221.95 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94. The company’s fifty day simple moving average is $443.54 and its two-hundred day simple moving average is $443.70.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.57 earnings per share. On average, sell-side analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors 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 1.20%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LIN. HSBC reduced their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. BMO Capital Markets increased their price objective on shares of Linde from $475.00 to $477.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Mizuho increased their price objective 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 reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Barclays upped their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Company 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.