Clarus Wealth Advisors boosted its position in shares of Linde PLC (NYSE:LIN) by 77.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,130 shares of the basic materials company’s stock after buying an additional 930 shares during the quarter. Clarus Wealth Advisors’ holdings in Linde were worth $413,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new stake in Linde during the second quarter valued at $25,000. Alera Investment Advisors LLC grew its position in Linde by 50.9% during the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after buying an additional 82 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Linde during the second quarter valued at $46,000. Ruggie Capital Group acquired a new stake in Linde during the second quarter valued at $48,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Linde during the second quarter valued at $49,000. Institutional investors own 73.81% of the company’s stock.
LIN traded up $3.78 during midday trading on Friday, hitting $195.01. 62,378 shares of the company traded hands, compared to its average volume of 1,463,539. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82. The business has a 50 day simple moving average of $188.93 and a two-hundred day simple moving average of $189.62.
Linde (NYSE:LIN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. Linde had a net margin of 19.45% and a return on equity of 12.10%. Equities analysts anticipate that Linde PLC will post 7.13 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.875 dividend. The ex-dividend date was Friday, August 30th.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Thursday, August 8th. Bank of America increased their price objective on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a report on Tuesday, August 6th. ValuEngine downgraded shares of Linde from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $201.83.
In other news, VP Bernd Hugo Eulitz sold 335 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $186.43, for a total value of $62,454.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.
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.
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