Cambridge Investment Research Advisors Inc. trimmed its holdings in Linde PLC (NYSE:LIN) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,811 shares of the basic materials company’s stock after selling 128 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Linde were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of LIN. Balentine LLC acquired a new position in shares of Linde in the 1st quarter worth approximately $25,000. Key Financial Inc bought a new stake in Linde during the first quarter worth approximately $29,000. North Star Investment Management Corp. bought a new stake in Linde during the first quarter worth approximately $35,000. Lenox Wealth Management Inc. grew its position in Linde by 769.2% in the first quarter. Lenox Wealth Management Inc. now owns 226 shares of the basic materials company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Finally, WASHINGTON TRUST Co bought a new position in shares of Linde in the first quarter valued at $40,000. Institutional investors own 76.42% of the company’s stock.
Linde stock opened at $245.35 on Friday. Linde PLC has a twelve month low of $146.71 and a twelve month high of $248.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.80. The firm has a market cap of $127.11 billion, a PE ratio of 31.76, a P/E/G ratio of 2.86 and a beta of 0.72. The firm’s 50 day moving average price is $222.96 and its two-hundred day moving average price is $200.90.
Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.65 by $0.25. Linde had a net margin of 8.37% and a return on equity of 8.27%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.26 billion. Equities analysts anticipate that Linde PLC will post 7.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be paid a $0.963 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $3.85 dividend on an annualized basis and a yield of 1.57%. Linde’s dividend payout ratio (DPR) is currently 52.45%.
Several equities research analysts have recently weighed in on LIN shares. JPMorgan Chase & Co. raised Linde from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $200.00 to $280.00 in a research note on Friday. UBS Group upped their target price on Linde from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. HSBC cut Linde from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a research note on Tuesday, June 16th. They noted that the move was a valuation call. BMO Capital Markets upped their price objective on shares of Linde from $217.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Baader Bank reiterated a “buy” rating on shares of Linde in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Linde presently has an average rating of “Buy” and an average price target of $226.24.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
Recommended Story: What is the balance sheet?
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.