Linde plc (NASDAQ:LIN) Holdings Decreased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its position in shares of Linde plc (NASDAQ:LIN) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 826 shares of the basic materials company’s stock after selling 39 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Linde were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new position in Linde during the 4th quarter valued at approximately $30,000. Johnson Financial Group Inc. boosted its holdings in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Addison Advisors LLC grew its position in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 62 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 73 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in Linde in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.7 %

LIN stock opened at $432.94 on Thursday. 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 firm has a market cap of $208.11 billion, a PE ratio of 33.59, a P/E/G ratio of 2.70 and a beta of 0.93. Linde plc has a 12 month low of $358.37 and a 12 month high of $477.71. The firm has a 50 day simple moving average of $435.05 and a 200 day simple moving average of $434.38.

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

Linde Announces Dividend

The company 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. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, June 4th. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and lifted their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. BMO Capital Markets decreased their price target on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. HSBC cut their price objective 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, Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their target price for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.