Coldstream Capital Management Inc. Grows Stock Holdings in Linde plc (NASDAQ:LIN)

Coldstream Capital Management Inc. lifted its position in shares of Linde plc (NASDAQ:LIN) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,190 shares of the basic materials company’s stock after purchasing an additional 2,529 shares during the period. Coldstream Capital Management Inc.’s holdings in Linde were worth $7,105,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Members Trust Co lifted its position in shares of Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Valued Wealth Advisors LLC lifted its position in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Finally, CNB Bank lifted its position in shares of Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LIN shares. UBS Group reduced their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Citigroup boosted their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Finally, Barclays upped their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Performance

NASDAQ:LIN opened at $463.08 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The company has a market cap of $221.12 billion, a P/E ratio of 35.93, a P/E/G ratio of 2.86 and a beta of 0.94. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $479.79. The firm’s 50 day moving average is $451.86 and its two-hundred day moving average is $448.12.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.57 earnings per share. Analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Linde Company Profile

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.