Gradient Investments LLC Buys 40 Shares of Linde plc (NYSE:LIN)

Gradient Investments LLC increased its stake in Linde plc (NYSE:LINGet Rating) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,696 shares of the basic materials company’s stock after acquiring an additional 40 shares during the period. Gradient Investments LLC’s holdings in Linde were worth $488,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Thrive Wealth Management LLC raised its position in Linde by 5.6% in the 2nd quarter. Thrive Wealth Management LLC now owns 1,942 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 103 shares during the last quarter. Windward Capital Management Co. CA raised its position in shares of Linde by 0.6% during the 2nd quarter. Windward Capital Management Co. CA now owns 83,258 shares of the basic materials company’s stock valued at $23,939,000 after acquiring an additional 507 shares during the last quarter. Wealth Alliance Advisory Group LLC raised its position in shares of Linde by 14.2% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 1,855 shares of the basic materials company’s stock valued at $533,000 after acquiring an additional 231 shares during the last quarter. Redpoint Investment Management Pty Ltd raised its position in shares of Linde by 7.9% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 8,905 shares of the basic materials company’s stock valued at $2,560,000 after acquiring an additional 652 shares during the last quarter. Finally, NuWave Investment Management LLC bought a new stake in shares of Linde during the 2nd quarter valued at $234,000. Institutional investors own 77.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Linde from $390.00 to $355.00 in a research report on Thursday, June 16th. Bank of America dropped their target price on shares of Linde from $370.00 to $369.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Credit Suisse Group assumed coverage on shares of Linde in a research report on Tuesday, May 31st. They set an “outperform” rating and a $380.00 target price for the company. Evercore ISI upgraded shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 target price for the company in a research report on Tuesday, May 31st. Finally, UBS Group decreased their price target on shares of Linde from $355.00 to $320.00 and set a “buy” rating for the company in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $365.60.

Linde Price Performance

Shares of NYSE LIN opened at $285.14 on Tuesday. The firm has a market cap of $142.10 billion, a PE ratio of 41.32, a PEG ratio of 2.38 and a beta of 0.88. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Linde plc has a 1-year low of $265.12 and a 1-year high of $352.18. The company has a fifty day moving average price of $291.09 and a 200 day moving average price of $301.99.

Linde (NYSE:LINGet Rating) last announced its earnings results on Thursday, July 28th. The basic materials company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.12. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 10.88% and a return on equity of 13.41%. The company’s revenue for the quarter 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. Research analysts predict that Linde plc will post 11.89 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, September 1st. Linde’s payout ratio is presently 67.83%.

Linde Company Profile

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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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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