Clearstead Trust LLC grew its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 29.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,624 shares of the basic materials company’s stock after purchasing an additional 1,740 shares during the quarter. Linde comprises approximately 0.6% of Clearstead Trust LLC’s investment portfolio, making the stock its 29th largest position. Clearstead Trust LLC’s holdings in Linde were worth $3,779,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Norges Bank bought a new stake in shares of Linde in the 4th quarter valued at $3,246,750,000. SG Americas Securities LLC increased its position in shares of Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after buying an additional 2,401,894 shares during the period. Auto Owners Insurance Co raised its stake in Linde by 42,539.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after buying an additional 1,318,709 shares during the last quarter. Capital International Investors raised its stake in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after buying an additional 1,275,477 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Linde by 40.2% in the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after buying an additional 1,130,001 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Trading Up 1.3%
LIN opened at $520.74 on Friday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market cap of $240.76 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The company has a fifty day moving average price of $515.55 and a two-hundred day moving average price of $490.93.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.
Analyst Ratings Changes
LIN has been the topic of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and set a $525.00 price target on shares of Linde in a research report on Friday, July 10th. UBS Group reissued a “buy” rating and issued a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. Royal Bank Of Canada boosted their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $541.75.
View Our Latest Research Report on Linde
Linde Company 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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