Linde plc (NASDAQ:LIN) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC increased its holdings in Linde plc (NASDAQ:LIN) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,035 shares of the basic materials company’s stock after acquiring an additional 1,870 shares during the quarter. Chicago Capital LLC’s holdings in Linde were worth $12,302,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its holdings in Linde by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company’s stock valued at $550,000 after buying an additional 310 shares during the last quarter. LSV Asset Management grew its holdings in Linde by 45.5% in the 4th quarter. LSV Asset Management now owns 1,600 shares of the basic materials company’s stock worth $657,000 after buying an additional 500 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Linde by 16.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,164 shares of the basic materials company’s stock worth $1,300,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. acquired a new stake in Linde in the fourth quarter worth approximately $2,293,000. Finally, Buckingham Capital Management Inc. acquired a new stake in Linde in the fourth quarter worth approximately $392,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 1.9 %

Linde stock traded down $8.67 during mid-day trading on Friday, hitting $456.85. 2,012,129 shares of the company’s stock were exchanged, compared to its average volume of 1,897,746. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market cap of $218.15 billion, a P/E ratio of 35.44, a P/E/G ratio of 3.00 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year high of $479.79. The stock has a 50 day moving average of $451.18 and a two-hundred day moving average of $447.87.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

LIN has been the subject of a number of recent research reports. UBS Group cut their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased 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. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. Finally, Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.