Sound Income Strategies LLC raised its holdings in Linde plc (NYSE:LIN – Get Rating) by 147.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 168 shares of the basic materials company’s stock after purchasing an additional 100 shares during the quarter. Sound Income Strategies LLC’s holdings in Linde were worth $48,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Steward Financial Group LLC purchased a new stake in shares of Linde in the 1st quarter valued at $31,000. Hoese & Co LLP acquired a new position in Linde during the 1st quarter worth $32,000. Herold Advisors Inc. acquired a new position in Linde during the 1st quarter worth $32,000. Rational Advisors LLC grew its stake in Linde by 64.0% during the 1st quarter. Rational Advisors LLC now owns 123 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 48 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. grew its stake in Linde by 45.1% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.
Wall Street Analysts Forecast Growth
LIN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Linde from €370.00 ($377.55) to €355.00 ($362.24) and set a “buy” rating for the company in a research note on Friday, July 29th. Jefferies Financial Group lowered their price objective on Linde from $390.00 to $355.00 in a research report on Thursday, June 16th. Stifel Nicolaus raised Linde from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Evercore ISI raised Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price objective for the company in a research report on Tuesday, May 31st. Finally, Credit Suisse Group assumed coverage on Linde in a research report on Tuesday, May 31st. They set an “outperform” rating and a $380.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.60.
Linde Stock Up 0.2 %
Linde (NYSE:LIN – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The basic materials company reported $3.10 EPS for the quarter, beating the consensus estimate of $2.98 by $0.12. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 13.41% and a net margin of 10.88%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. Equities research analysts forecast that Linde plc will post 11.89 earnings per share for the current year.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 1st. Linde’s dividend payout ratio (DPR) is 67.83%.
Linde Company Profile
Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia 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.
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