Cannell & Spears LLC raised its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 2,286.3% in the 1st quarter, Holdings Channel reports. The firm owned 39,087 shares of the basic materials company’s stock after purchasing an additional 37,449 shares during the quarter. Cannell & Spears LLC’s holdings in Linde were worth $19,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Darwin Wealth Management LLC acquired a new position in shares of Linde in the 2nd quarter valued at about $25,000. Legacy Wealth Managment LLC ID raised its stake in Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares during the period. Manning & Napier Advisors LLC raised its stake in Linde by 1,450.0% during the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares during the period. Triumph Capital Management lifted its holdings in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 39 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Price Performance
NASDAQ LIN opened at $512.28 on Friday. Linde PLC has a 52 week low of $387.78 and a 52 week 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 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. The company has a 50-day moving average price of $516.05 and a two-hundred day moving average price of $493.94.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $1.60 dividend. 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 (DPR) is currently 42.50%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Linde in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, Evercore reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Linde in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $548.67.
Get Our Latest Report on Linde
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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