R Squared Ltd trimmed its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 93.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 655 shares of the basic materials company’s stock after selling 9,703 shares during the period. R Squared Ltd’s holdings in Linde were worth $325,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in LIN. Capital International Investors increased its holdings in Linde by 20.1% in 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 acquiring an additional 1,275,477 shares during the last quarter. S.E.E.D. Planning Group LLC grew its position in shares of Linde by 8.9% during the fourth 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. Temasek Holdings Private Ltd grew its position in shares of Linde by 45.5% during the third 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. Boston Trust Walden Corp increased its holdings in shares of Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after purchasing an additional 8,863 shares during the last quarter. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of Linde by 3.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock worth $35,493,000 after purchasing an additional 2,408 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.
Linde Stock Down 0.4%
Shares of LIN opened at $538.23 on Wednesday. The company has a market cap of $248.85 billion, a PE ratio of 35.74, a P/E/G ratio of 3.39 and a beta of 0.72. The business has a fifty day moving average of $512.72 and a 200 day moving average of $485.94. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.
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 issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio is presently 42.50%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and an average target price of $543.27.
Read Our Latest Stock Report on Linde
About Linde
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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