EP Wealth Advisors LLC Reduces Holdings in Linde plc (NASDAQ:LIN)

EP Wealth Advisors LLC lowered its position in Linde plc (NASDAQ:LIN) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,406 shares of the basic materials company’s stock after selling 26 shares during the period. EP Wealth Advisors LLC’s holdings in Linde were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC raised its position in shares of Linde by 1,138.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 260 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 239 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Linde in the 3rd quarter valued at about $420,000. Glenview Trust co grew its position in shares of Linde by 114.0% in the 3rd quarter. Glenview Trust co now owns 3,367 shares of the basic materials company’s stock worth $1,254,000 after buying an additional 1,794 shares during the last quarter. Stokes Family Office LLC raised its stake in shares of Linde by 9.1% during the 3rd quarter. Stokes Family Office LLC now owns 1,214 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 101 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in Linde during the third quarter valued at approximately $255,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.8 %

LIN stock opened at $440.63 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $437.15 and a two-hundred day moving average of $431.97. Linde plc has a 12 month low of $358.37 and a 12 month high of $477.71. The company has a market cap of $211.80 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.74 and a beta of 0.95.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and increased their price objective for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. Wolfe Research assumed coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. HSBC cut their price target 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. Finally, BMO Capital Markets lowered their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $468.83.

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.