Samalin Investment Counsel LLC raised its position in Linde plc (NYSE:LIN – Get Rating) by 42.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,056 shares of the basic materials company’s stock after acquiring an additional 313 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Linde were worth $337,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Paradigm Financial Partners LLC bought a new position in shares of Linde in the fourth quarter valued at about $283,000. Regal Investment Advisors LLC bought a new position in shares of Linde in the fourth quarter valued at about $219,000. BRYN MAWR TRUST Co raised its position in shares of Linde by 20.7% in the fourth quarter. BRYN MAWR TRUST Co now owns 3,654 shares of the basic materials company’s stock valued at $1,266,000 after purchasing an additional 626 shares during the period. Rational Advisors LLC raised its position in shares of Linde by 134.4% in the fourth quarter. Rational Advisors LLC now owns 75 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Finally, Good Life Advisors LLC bought a new position in shares of Linde in the fourth quarter valued at about $244,000. Institutional investors and hedge funds own 77.07% of the company’s stock.
Linde Trading Up 1.1 %
Shares of Linde stock opened at $287.03 on Friday. The company has a market capitalization of $143.05 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 2.41 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 0.27. Linde plc has a 12-month low of $265.12 and a 12-month high of $352.18. The firm’s 50-day moving average price is $289.99 and its two-hundred day moving average price is $302.00.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $1.17 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.68 dividend on an annualized basis and a dividend yield of 1.63%. Linde’s payout ratio is currently 67.83%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised shares of Linde from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Evercore ISI raised shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price target on the stock in a research report on Tuesday, May 31st. Jefferies Financial Group lowered their price target on shares of Linde from $390.00 to $355.00 in a research report on Thursday, June 16th. Bank of America lowered their price target on shares of Linde from $370.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Finally, Credit Suisse Group began coverage on shares of Linde in a research report on Tuesday, May 31st. They set an “outperform” rating and a $380.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.60.
Linde Company Profile
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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