Boston Trust Walden Corp Reduces Stock Position in Linde plc (NASDAQ:LIN)

Boston Trust Walden Corp decreased its position in Linde plc (NASDAQ:LIN) by 68.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,549 shares of the basic materials company’s stock after selling 12,121 shares during the quarter. Boston Trust Walden Corp’s holdings in Linde were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Everpar Advisors LLC increased its stake in Linde by 22.6% in the second quarter. Everpar Advisors LLC now owns 678 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 125 shares during the last quarter. Timber Creek Capital Management LLC increased its stake in shares of Linde by 1.3% during the 2nd quarter. Timber Creek Capital Management LLC now owns 9,936 shares of the basic materials company’s stock valued at $4,360,000 after acquiring an additional 125 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Linde by 12.0% during the 2nd quarter. Brookstone Capital Management now owns 5,610 shares of the basic materials company’s stock worth $2,520,000 after acquiring an additional 600 shares during the period. Blue Trust Inc. boosted its position in shares of Linde by 56.8% in the second quarter. Blue Trust Inc. now owns 5,378 shares of the basic materials company’s stock worth $2,497,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its position in Linde by 3.6% during the second quarter. Miracle Mile Advisors LLC now owns 7,799 shares of the basic materials company’s stock worth $3,422,000 after purchasing an additional 270 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. Mizuho raised 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. BMO Capital Markets raised their price target on shares of Linde from $475.00 to $477.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. HSBC dropped their price objective 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. Finally, Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Trading Up 0.1 %

NASDAQ:LIN opened at $456.82 on Monday. The stock has a market cap of $218.13 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94. Linde plc has a one year low of $361.02 and a one year high of $477.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The business’s 50-day simple moving average is $442.56 and its 200 day simple moving average is $442.99.

Linde (NASDAQ:LIN) last announced its earnings results 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. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company posted $3.57 EPS. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s dividend payout ratio is currently 43.13%.

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.