Choreo LLC Has $516,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Choreo LLC raised its holdings in Linde plc (NASDAQ:LINFree Report) by 6.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,111 shares of the basic materials company’s stock after buying an additional 69 shares during the quarter. Choreo LLC’s holdings in Linde were worth $516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after purchasing an additional 141,322 shares during the period. Norges Bank acquired a new stake in shares of Linde during the 4th quarter valued at about $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Linde by 3.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock valued at $1,624,462,000 after acquiring an additional 138,585 shares during the period. Charles Schwab Investment Management Inc. raised its position in Linde by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,830,970 shares of the basic materials company’s stock worth $1,162,708,000 after purchasing an additional 64,362 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Linde by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,468,134 shares of the basic materials company’s stock worth $681,684,000 after purchasing an additional 27,236 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LIN shares. Mizuho increased their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. HSBC reduced their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. BMO Capital Markets cut their price target on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $468.83.

Get Our Latest Stock Analysis on LIN

Linde Trading Up 0.2 %

Shares of NASDAQ LIN traded up $0.81 during mid-day trading on Monday, hitting $436.53. The company’s stock had a trading volume of 150,060 shares, compared to its average volume of 2,040,245. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The stock has a market cap of $209.83 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. The company’s fifty day simple moving average is $434.46 and its 200-day simple moving average is $434.91. Linde plc has a one year low of $361.02 and a one 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, topping analysts’ consensus estimates of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same quarter in the previous year, the business earned $3.42 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Linde plc will post 15.51 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s dividend payout ratio is currently 43.13%.

Linde Company Profile

(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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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