Register Financial Advisors LLC Buys New Shares in Linde plc (NASDAQ:LIN)

Register Financial Advisors LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 134 shares of the basic materials company’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LIN. Price T Rowe Associates Inc. MD raised its holdings in Linde by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after acquiring an additional 141,322 shares during the period. Provence Wealth Management Group raised its holdings in Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 518 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in Linde during the fourth quarter valued at about $203,000. Douglass Winthrop Advisors LLC raised its holdings in Linde by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock valued at $2,168,000 after acquiring an additional 104 shares during the period. Finally, Portfolio Design Labs LLC bought a new stake in Linde during the fourth quarter valued at about $1,897,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. HSBC decreased their price target on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Mizuho raised their price target on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Citigroup cut Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. BMO Capital Markets reduced 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, Wells Fargo & Company lifted their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Six 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 stock currently has an average rating of “Moderate Buy” and an average price target of $468.83.

Linde Trading Down 0.3 %

Shares of NASDAQ LIN opened at $438.81 on Friday. The business’s 50 day moving average is $435.71 and its two-hundred day moving average is $433.86. 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 1-year low of $358.37 and a 1-year high of $477.71. The stock has a market capitalization of $210.93 billion, a P/E ratio of 34.04, a PEG ratio of 2.76 and a beta of 0.95.

Linde (NASDAQ:LIN) last issued 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. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period in the previous year, the firm posted $3.42 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, research analysts expect that Linde plc will post 15.51 EPS for the current year.

Linde Announces Dividend

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

Linde Company 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.