Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 40.2% in the fourth quarter, HoldingsChannel reports. The firm owned 3,993 shares of the basic materials company’s stock after acquiring an additional 1,145 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Linde were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors increased its holdings in shares of Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after purchasing an additional 1,275,477 shares in the last quarter. S.E.E.D. Planning Group LLC increased its holdings in shares of Linde by 8.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock valued at $11,658,000 after purchasing an additional 2,234 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Linde during the 3rd quarter valued at approximately $4,243,000. Temasek Holdings Private Ltd increased its holdings in shares of Linde by 45.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock valued at $112,198,000 after purchasing an additional 73,850 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Linde by 143.4% during the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after purchasing an additional 8,863 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Stock Down 1.2%
NASDAQ LIN opened at $509.16 on Thursday. The business has a fifty day moving average price of $503.87 and a 200 day moving average price of $470.42. Linde PLC has a one year low of $387.78 and a one year high of $522.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The company has a market cap of $235.41 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.24 and a beta of 0.72.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday, May 4th. UBS Group reaffirmed a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. Citigroup lifted their target price on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped 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. Finally, Seaport Research Partners upped their target price on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $541.91.
Get Our Latest Stock Analysis 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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