Cerity Partners LLC lessened its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 36.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,185 shares of the basic materials company’s stock after selling 75,133 shares during the period. Cerity Partners LLC’s holdings in Linde were worth $55,510,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Linde in the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Linde during the 3rd quarter worth $29,000. Saranac Partners Ltd purchased a new stake in shares of Linde during the 3rd quarter worth $29,000. Strengthening Families & Communities LLC lifted its position in shares of Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC lifted its position in shares of Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.
Linde Price Performance
Shares of NASDAQ:LIN opened at $515.59 on Wednesday. The company’s fifty day moving average price is $503.67 and its 200 day moving average price is $469.71. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The firm has a market capitalization of $238.38 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.15 and a beta of 0.72.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is currently 42.50%.
Analyst Upgrades and Downgrades
LIN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Citigroup lifted their price objective on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, UBS Group reaffirmed a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $541.91.
View Our Latest Research Report on Linde
Linde Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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