MorganRosel Wealth Management LLC Increases Stock Position in Linde plc (NASDAQ:LIN)

MorganRosel Wealth Management LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,883 shares of the basic materials company’s stock after acquiring an additional 64 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Linde were worth $874,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LIN. Johnson Financial Group Inc. boosted its stake in Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after buying an additional 24 shares during the period. Clear Harbor Asset Management LLC boosted its stake in Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after buying an additional 25 shares during the period. Claro Advisors LLC boosted its stake in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after buying an additional 25 shares during the period. Holderness Investments Co. lifted its position in shares of Linde by 1.4% during the fourth quarter. Holderness Investments Co. now owns 1,863 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 25 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock worth $1,057,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. HSBC decreased their target price on 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 lifted their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Citigroup downgraded Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, Mizuho lifted their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. 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 has an average rating of “Moderate Buy” and an average price target of $468.83.

Linde Stock Performance

LIN stock opened at $438.81 on Monday. The company has a market capitalization of $210.93 billion, a P/E ratio of 34.04, a PEG ratio of 2.75 and a beta of 0.94. 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 business has a 50-day moving average price of $435.71 and a 200 day moving average price of $434.09. Linde plc has a 1-year low of $358.37 and a 1-year high of $477.71.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.27%. Linde’s dividend payout ratio is presently 43.13%.

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.