Linde plc (NASDAQ:LIN) Shares Acquired by Somerset Trust Co

Somerset Trust Co raised its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,292 shares of the basic materials company’s stock after acquiring an additional 155 shares during the period. Linde makes up about 2.1% of Somerset Trust Co’s portfolio, making the stock its 9th biggest position. Somerset Trust Co’s holdings in Linde were worth $5,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Provence Wealth Management Group acquired a new position in shares of Linde in the 3rd quarter valued at $29,000. Scarborough Advisors LLC acquired a new position in shares of Linde in the 4th quarter valued at $30,000. Johnson Financial Group Inc. lifted its stake in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Addison Advisors LLC lifted its stake in shares of Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 73 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 0.1 %

Shares of LIN traded down $0.61 during mid-day trading on Wednesday, reaching $440.02. The stock had a trading volume of 1,384,539 shares, compared to its average volume of 1,631,196. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a 52-week low of $358.37 and a 52-week high of $477.71. The business’s fifty day moving average is $436.79 and its 200 day moving average is $432.17. The firm has a market cap of $211.51 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.76 and a beta of 0.95.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) 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 firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same quarter in the prior year, the firm posted $3.42 earnings per share. Linde’s quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that Linde plc will post 15.51 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price target on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. HSBC cut their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, Wolfe Research assumed coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

View Our Latest Analysis on LIN

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.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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