Linde plc (NASDAQ:LIN) Stock Position Raised by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lifted its stake in shares of Linde plc (NASDAQ:LINFree Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,244 shares of the basic materials company’s stock after purchasing an additional 156 shares during the period. J. W. Coons Advisors LLC’s holdings in Linde were worth $1,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Focus Financial Network Inc. ADV purchased a new stake in shares of Linde during the fourth quarter worth $532,000. Portfolio Design Labs LLC purchased a new stake in shares of Linde during the 4th quarter worth about $1,897,000. AAFMAA Wealth Management & Trust LLC lifted its holdings in shares of Linde by 7.2% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 6,201 shares of the basic materials company’s stock valued at $2,547,000 after buying an additional 419 shares during the last quarter. Wilkinson Global Asset Management LLC grew its stake in shares of Linde by 0.7% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 42,078 shares of the basic materials company’s stock valued at $17,282,000 after buying an additional 275 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in Linde by 2.0% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after buying an additional 104 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Down 0.0 %

LIN opened at $433.70 on Friday. The business has a 50 day moving average of $440.18 and a 200-day moving average of $430.69. The stock has a market capitalization of $208.47 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.73 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Linde plc has a 1-year low of $358.37 and a 1-year high of $477.71.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.68 by $0.07. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.42 EPS. As a group, sell-side analysts anticipate that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.28%. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Analyst Ratings Changes

Several research firms have commented on LIN. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and increased their target price for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research began coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. HSBC decreased their price target on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Mizuho raised their price objective on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

View Our Latest Stock Analysis on LIN

About Linde

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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