KPP Advisory Services LLC Raises Position in Linde plc (NASDAQ:LIN)

KPP Advisory Services LLC boosted its stake in Linde plc (NASDAQ:LINFree Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,765 shares of the basic materials company’s stock after buying an additional 43 shares during the period. KPP Advisory Services LLC’s holdings in Linde were worth $725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Linde by 2.6% during the third quarter. FMR LLC now owns 13,919,350 shares of the basic materials company’s stock valued at $5,182,870,000 after purchasing an additional 354,506 shares during the last quarter. Norges Bank bought a new stake in shares of Linde during the fourth quarter valued at approximately $3,066,825,000. Winder Pte. Ltd. bought a new stake in shares of Linde during the third quarter valued at approximately $1,892,774,000. Northern Trust Corp increased its position in shares of Linde by 2.5% during the third quarter. Northern Trust Corp now owns 5,081,177 shares of the basic materials company’s stock valued at $1,891,976,000 after acquiring an additional 123,174 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Linde by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,830,970 shares of the basic materials company’s stock valued at $1,162,708,000 after acquiring an additional 64,362 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. TD Cowen raised their price target on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Mizuho lifted their target price on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Wells Fargo & Company lifted their target price 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. Citigroup downgraded shares of 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, BMO Capital Markets cut their target price 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $468.83.

Get Our Latest Analysis on LIN

Insiders Place Their Bets

In other Linde news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of LIN traded down $0.15 during trading hours on Friday, reaching $433.70. 1,491,952 shares of the stock traded hands, compared to its average volume of 1,563,439. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Linde plc has a 52-week low of $358.37 and a 52-week high of $477.71. The company’s 50-day moving average price is $440.18 and its two-hundred day moving average price is $430.95. The company has a market cap of $208.47 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share 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 company had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same quarter in the previous year, the company earned $3.42 EPS. Linde’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts anticipate that Linde plc will post 15.5 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Linde Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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