Sapient Capital LLC reduced its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 37.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,716 shares of the basic materials company’s stock after selling 1,610 shares during the period. Sapient Capital LLC’s holdings in Linde were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Vertrix Wealth Management LLC increased its position in Linde by 0.6% during the 2nd quarter. Vertrix Wealth Management LLC now owns 10,602 shares of the basic materials company’s stock worth $5,502,000 after buying an additional 68 shares during the period. Wealth Science Advisors LLC boosted its position in shares of Linde by 2,385.9% in the second quarter. Wealth Science Advisors LLC now owns 2,287 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 2,195 shares during the period. Exchange Bank boosted its position in shares of Linde by 21.1% in the second quarter. Exchange Bank now owns 516 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 90 shares during the period. Aletheian Wealth Advisors LLC grew its stake in shares of Linde by 9.1% in the second quarter. Aletheian Wealth Advisors LLC now owns 554 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 46 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in shares of Linde by 26.3% in the second quarter. Sax Wealth Advisors LLC now owns 1,730 shares of the basic materials company’s stock valued at $858,000 after acquiring an additional 360 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Trading Up 0.5%
LIN opened at $492.46 on Tuesday. The company has a market cap of $227.01 billion, a P/E ratio of 31.81, a PEG ratio of 3.09 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $513.09 and its 200-day moving average is $498.68. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.
Analysts Set New Price Targets
LIN has been the topic of a number of recent research reports. UBS Group set a $612.00 price target on shares of Linde in a research report on Monday, August 3rd. Royal Bank Of Canada decreased their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Sanford C. Bernstein upped their price target on shares of Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets reduced their price target on shares of Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $545.38.
View Our Latest Stock Analysis on LIN
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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