Linde plc (NASDAQ:LIN) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC trimmed its holdings in Linde plc (NASDAQ:LIN) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,347 shares of the basic materials company’s stock after selling 69 shares during the period. Angeles Wealth Management LLC’s holdings in Linde were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Members Trust Co increased its holdings in shares of Linde by 3.7% in the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after acquiring an additional 23 shares during the period. Johnson Financial Group Inc. increased its holdings in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Valued Wealth Advisors LLC increased its holdings in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. Finally, CNB Bank increased its holdings in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Shares of NASDAQ LIN opened at $463.72 on Wednesday. The firm has a market capitalization of $221.43 billion, a P/E ratio of 35.98, a PEG ratio of 2.86 and a beta of 0.94. Linde plc has a one year low of $361.02 and a one year high of $479.79. The company’s fifty day moving average is $452.53 and its two-hundred day moving average is $448.24. 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 issued 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 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%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.57 EPS. Analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a $1.39 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.20%. Linde’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Citigroup lifted their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. 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.com, the company 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.