Bryn Mawr Capital Management LLC Buys 35 Shares of Linde plc (NASDAQ:LIN)

Bryn Mawr Capital Management LLC grew its stake in Linde plc (NASDAQ:LIN) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,770 shares of the basic materials company’s stock after purchasing an additional 35 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Linde were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LIN. Dopkins Wealth Management LLC grew its position in Linde by 11.4% during the 2nd quarter. Dopkins Wealth Management LLC now owns 557 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 57 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Linde during the 2nd quarter worth approximately $10,245,000. Arrow Financial Corp grew its position in Linde by 74.5% during the 2nd quarter. Arrow Financial Corp now owns 480 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 205 shares during the last quarter. TFB Advisors LLC grew its position in Linde by 33.1% during the 2nd quarter. TFB Advisors LLC now owns 908 shares of the basic materials company’s stock worth $398,000 after acquiring an additional 226 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Linde by 115.1% in the 2nd quarter. International Assets Investment Management LLC now owns 1,953 shares of the basic materials company’s stock valued at $857,000 after buying an additional 1,045 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent research reports. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Performance

Shares of Linde stock opened at $478.25 on Friday. The company has a market capitalization of $228.36 billion, a PE ratio of 37.10, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $448.28 and its 200 day simple moving average is $446.34.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 EPS. On average, research analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.

Linde Profile

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.