Opal Wealth Advisors LLC Purchases Shares of 472 Linde plc (NASDAQ:LIN)

Opal Wealth Advisors LLC purchased a new stake in Linde plc (NASDAQ:LIN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 472 shares of the basic materials company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently modified their holdings of LIN. Cooper Financial Group lifted its stake in shares of Linde by 37.9% during the first quarter. Cooper Financial Group now owns 764 shares of the basic materials company’s stock valued at $355,000 after buying an additional 210 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Linde by 14.3% during the first quarter. Salem Investment Counselors Inc. now owns 1,425 shares of the basic materials company’s stock valued at $662,000 after buying an additional 178 shares during the period. Douglas Lane & Associates LLC lifted its stake in shares of Linde by 7.9% during the first quarter. Douglas Lane & Associates LLC now owns 1,427 shares of the basic materials company’s stock valued at $663,000 after buying an additional 104 shares during the period. &PARTNERS lifted its stake in shares of Linde by 202.1% during the first quarter. &PARTNERS now owns 2,169 shares of the basic materials company’s stock valued at $1,007,000 after buying an additional 1,451 shares during the period. Finally, Sanders Morris Harris LLC purchased a new position in shares of Linde during the first quarter valued at approximately $1,207,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.3 %

NASDAQ LIN opened at $441.37 on Monday. Linde plc has a 12 month low of $358.37 and a 12 month high of $477.71. 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 company has a market capitalization of $212.16 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The company’s fifty day moving average price is $436.28 and its two-hundred day moving average price is $432.97.

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

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a $1.39 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. Linde’s payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LIN shares. HSBC dropped their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company upped their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research started coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, BMO Capital Markets dropped their price target on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $468.83.

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.