Linde plc (NASDAQ:LIN) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lowered its stake in shares of Linde plc (NASDAQ:LINFree Report) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 690 shares of the basic materials company’s stock after selling 50 shares during the period. Goelzer Investment Management Inc.’s holdings in Linde were worth $320,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Linde during the fourth quarter valued at about $3,066,825,000. Private Advisor Group LLC grew its holdings in shares of Linde by 104.2% during the 4th quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock worth $7,672,000 after purchasing an additional 468,415 shares during the period. International Assets Investment Management LLC increased its position in Linde by 33,201.7% during the 4th quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after purchasing an additional 410,705 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Linde in the first quarter valued at approximately $171,607,000. Finally, California Public Employees Retirement System lifted its position in Linde by 37.2% during the fourth quarter. California Public Employees Retirement System now owns 1,282,518 shares of the basic materials company’s stock valued at $526,743,000 after buying an additional 347,531 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LIN shares. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and raised their target price for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. UBS Group cut Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Mizuho increased their target price on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets dropped their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Finally, HSBC decreased their price target on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.83.

Read Our Latest Stock Analysis on LIN

Linde Stock Up 0.1 %

Shares of NASDAQ:LIN traded up $0.47 during midday trading on Monday, reaching $436.19. The company had a trading volume of 242,981 shares, compared to its average volume of 2,040,966. The stock has a market capitalization of $209.67 billion, a P/E ratio of 33.80, a PEG ratio of 2.73 and a beta of 0.93. The stock’s fifty day moving average price is $434.46 and its 200-day moving average price is $434.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a one year low of $361.02 and a one year high of $477.71.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.07. The company had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $3.42 EPS. Equities research analysts expect that Linde plc will post 15.51 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders 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 was Tuesday, June 4th. Linde’s dividend payout ratio is presently 43.13%.

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.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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