Trust Co. of Vermont acquired a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,728 shares of the basic materials company’s stock, valued at approximately $913,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new position in shares of Linde during the second quarter worth $25,000. Legacy Wealth Managment LLC ID raised its holdings 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 valued at $28,000 after buying an additional 28 shares during the period. Triumph Capital Management raised its holdings in shares of Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares during the period. Strengthening Families & Communities LLC lifted its stake in Linde by 134.5% during the 4th 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 in the last quarter. Finally, High Note Wealth LLC lifted its stake in Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Price Performance
Shares of NASDAQ LIN opened at $478.70 on Wednesday. The stock’s 50-day moving average is $510.04 and its two-hundred day moving average is $500.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a market cap of $220.67 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72.
Linde Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on LIN. Royal Bank Of Canada dropped their target price on Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Citigroup reduced their price target on shares of Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Evercore reissued an “outperform” rating and issued a $525.00 price objective on shares of Linde in a research note on Friday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $545.38.
View Our Latest Analysis 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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