Waterloo Capital L.P. Grows Holdings in Linde plc (NASDAQ:LIN)

Waterloo Capital L.P. raised its position in Linde plc (NASDAQ:LIN) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 908 shares of the basic materials company’s stock after buying an additional 124 shares during the period. Waterloo Capital L.P.’s holdings in Linde were worth $398,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Retirement Group LLC bought a new stake in Linde during the first quarter worth $25,000. Summit Securities Group LLC purchased a new position in shares of Linde in the 2nd quarter worth about $28,000. Scarborough Advisors LLC bought a new position in Linde during the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC increased its holdings in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its position in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Trading Up 0.5 %

Shares of LIN opened at $469.17 on Friday. Linde plc has a twelve month low of $361.02 and a twelve month high of $479.79. The stock has a market cap of $225.52 billion, a PE ratio of 36.40, a P/E/G ratio of 2.93 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $457.45 and its 200-day moving average price is $449.27.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the company earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

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.