Hollencrest Capital Management Buys 290 Shares of Linde plc (NASDAQ:LIN)

Hollencrest Capital Management lifted its position in Linde plc (NASDAQ:LIN) by 90.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 609 shares of the basic materials company’s stock after purchasing an additional 290 shares during the quarter. Hollencrest Capital Management’s holdings in Linde were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LIN. Clearbridge Investments LLC increased its stake in shares of Linde by 566.9% in the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after buying an additional 1,558,538 shares in the last quarter. Swedbank AB bought a new position in shares of Linde in the second quarter worth about $420,720,000. ProShare Advisors LLC boosted its holdings in Linde by 91.6% in the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock valued at $449,648,000 after acquiring an additional 463,096 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Linde during the first quarter worth approximately $210,480,000. Finally, Vanguard Group Inc. boosted its position in shares of Linde by 0.9% during the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 0.5 %

Shares of LIN stock opened at $469.17 on Friday. The stock has a market cap of $225.52 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. 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 has a 50 day simple moving average of $457.45 and a 200 day simple moving average of $449.27. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79.

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

Linde Announces Dividend

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

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LIN shares. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Finally, Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

About Linde

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.