Linde plc (NASDAQ:LIN) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC cut its position in shares of Linde plc (NASDAQ:LIN) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,006 shares of the basic materials company’s stock after selling 158 shares during the quarter. Wealthspire Advisors LLC’s holdings in Linde were worth $1,396,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Linde by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after purchasing an additional 141,322 shares in the last quarter. Provence Wealth Management Group grew its position in Linde by 655.7% in the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 518 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Linde during the fourth quarter valued at approximately $203,000. Douglass Winthrop Advisors LLC lifted its position in shares of Linde by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after purchasing an additional 104 shares in the last quarter. Finally, Portfolio Design Labs LLC purchased a new position in shares of Linde in the fourth quarter valued at $1,897,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LIN shares. Wells Fargo & Company boosted their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group reduced their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Mizuho lifted their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. HSBC reduced their target price on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, BMO Capital Markets cut their price target on shares of Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $464.25.

Linde Trading Up 1.3 %

NASDAQ LIN opened at $440.70 on Friday. The firm has a market capitalization of $211.84 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93. Linde plc has a one year low of $361.02 and a one year high of $477.71. The company has a 50-day simple moving average of $434.57 and a 200-day simple moving average of $435.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period in the prior year, the firm earned $3.42 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 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.