NewEdge Wealth LLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 28.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,552 shares of the basic materials company’s stock after selling 3,378 shares during the quarter. NewEdge Wealth LLC’s holdings in Linde were worth $4,240,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in shares of Linde during the 2nd quarter valued at $25,000. Legacy Wealth Managment LLC ID increased its stake in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Triumph Capital Management raised its holdings in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the period. Strengthening Families & Communities LLC raised its holdings in Linde by 134.5% in 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 period. Finally, High Note Wealth LLC raised its holdings in Linde by 108.6% in 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 period. 82.80% of the stock is owned by hedge funds and other institutional investors.
Linde Stock Up 1.2%
LIN opened at $512.28 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm’s fifty day moving average is $516.05 and its 200 day moving average is $493.94. The stock has a market cap of $236.85 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72.
Linde Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s payout ratio is presently 42.50%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on LIN. Royal Bank Of Canada reissued an “outperform” rating on shares of Linde in a report on Friday, July 17th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Seaport Research Partners lifted their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore reiterated an “outperform” rating and set a $525.00 price objective on shares of Linde in a research note on Friday, July 10th. Finally, Sanford C. Bernstein set a $559.00 target price on shares of Linde in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $548.67.
Get Our Latest Analysis on LIN
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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