StrongBox Wealth LLC Has $1.02 Million Position in Linde plc (NYSE:LIN)

StrongBox Wealth LLC lowered its position in Linde plc (NYSE:LINGet Rating) by 34.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,542 shares of the basic materials company’s stock after selling 1,888 shares during the quarter. StrongBox Wealth LLC’s holdings in Linde were worth $1,018,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCG Advisory Services LLC acquired a new stake in Linde in the first quarter valued at $226,000. Kovitz Investment Group Partners LLC lifted its stake in Linde by 453.5% in the first quarter. Kovitz Investment Group Partners LLC now owns 20,928 shares of the basic materials company’s stock valued at $6,685,000 after acquiring an additional 17,147 shares during the last quarter. Zhang Financial LLC lifted its stake in shares of Linde by 5.7% during the 2nd quarter. Zhang Financial LLC now owns 2,569 shares of the basic materials company’s stock worth $739,000 after buying an additional 138 shares during the last quarter. C2C Wealth Management LLC acquired a new stake in shares of Linde during the 4th quarter worth about $390,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Linde by 44.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,103 shares of the basic materials company’s stock worth $5,783,000 after buying an additional 5,573 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LIN shares. Evercore ISI upgraded shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 target price for the company in a research note on Tuesday, May 31st. Bank of America cut their target price on shares of Linde from $370.00 to $369.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Jefferies Financial Group cut their target price on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. UBS Group cut their target price on shares of Linde from $355.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, September 12th. Finally, Stifel Nicolaus upgraded shares of Linde from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.60.

Linde Price Performance

LIN stock traded down $5.12 during mid-day trading on Friday, hitting $268.95. The stock had a trading volume of 27,311 shares, compared to its average volume of 1,779,316. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Linde plc has a 52 week low of $265.12 and a 52 week high of $352.18. The firm has a market capitalization of $134.04 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.33 and a beta of 0.88. The firm has a fifty day simple moving average of $291.56 and a 200 day simple moving average of $301.72.

Linde (NYSE:LINGet Rating) last released its earnings results on Thursday, July 28th. The basic materials company reported $3.10 EPS for the quarter, beating the consensus estimate of $2.98 by $0.12. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 10.88% and a return on equity of 13.41%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. As a group, research analysts forecast that Linde plc will post 11.89 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 1st. Linde’s dividend payout ratio (DPR) is presently 67.83%.

Linde Company Profile

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Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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