US Asset Management LLC Sells 40 Shares of Linde plc (NASDAQ:LIN)

US Asset Management LLC reduced its stake in shares of Linde plc (NASDAQ:LINFree Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,290 shares of the basic materials company’s stock after selling 40 shares during the quarter. Linde comprises about 1.4% of US Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. US Asset Management LLC’s holdings in Linde were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC boosted its holdings in shares of Linde by 1,138.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 260 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 239 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Linde in the third quarter valued at approximately $420,000. Glenview Trust co boosted its holdings in shares of Linde by 114.0% in the third quarter. Glenview Trust co now owns 3,367 shares of the basic materials company’s stock valued at $1,254,000 after purchasing an additional 1,794 shares during the period. Stokes Family Office LLC boosted its holdings in shares of Linde by 9.1% in the third quarter. Stokes Family Office LLC now owns 1,214 shares of the basic materials company’s stock valued at $452,000 after purchasing an additional 101 shares during the period. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Linde in the third quarter valued at approximately $255,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

LIN traded up $2.61 during midday trading on Thursday, hitting $442.63. 1,616,979 shares of the company were exchanged, compared to its average volume of 2,067,581. The company’s 50 day simple moving average is $436.37 and its 200 day simple moving average is $432.30. The firm has a market capitalization of $212.76 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. 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 1-year low of $358.37 and a 1-year high of $477.71.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $3.42 EPS. As a group, sell-side analysts predict that Linde plc will post 15.51 earnings per share for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LIN shares. HSBC lowered their target price on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. BMO Capital Markets lowered their target price on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Citigroup downgraded Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $468.83.

View Our Latest Research Report on Linde

Linde 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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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