Linde plc (NASDAQ:LIN) Shares Acquired by Greystone Financial Group LLC

Greystone Financial Group LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 43.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,988 shares of the basic materials company’s stock after buying an additional 602 shares during the quarter. Greystone Financial Group LLC’s holdings in Linde were worth $872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of Linde by 30.1% in the 4th quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company’s stock worth $550,000 after purchasing an additional 310 shares in the last quarter. LSV Asset Management increased its holdings in shares of Linde by 45.5% in the fourth quarter. LSV Asset Management now owns 1,600 shares of the basic materials company’s stock valued at $657,000 after buying an additional 500 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Linde by 16.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,164 shares of the basic materials company’s stock worth $1,300,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Linde during the 4th quarter worth $2,293,000. Finally, Buckingham Capital Management Inc. acquired a new position in shares of Linde in the 4th quarter worth $392,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Down 1.9 %

Shares of Linde stock traded down $8.67 during trading on Friday, hitting $456.85. 2,012,129 shares of the stock traded hands, compared to its average volume of 1,897,746. The company has a fifty day moving average price of $451.18 and a two-hundred day moving average price of $447.87. Linde plc has a twelve month low of $361.02 and a twelve month high of $479.79. The stock has a market cap of $218.15 billion, a P/E ratio of 35.44, a PEG ratio of 3.00 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 (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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the previous year, the firm posted $3.57 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on LIN. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Finally, UBS Group decreased 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.