First Financial Corp IN bought a new position in Linde PLC (NASDAQ:LIN – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,881 shares of the basic materials company’s stock, valued at approximately $893,000.
Several other institutional investors and hedge funds have also modified their holdings of LIN. Legacy Wealth Managment LLC ID grew its position in Linde by 96.6% during the 1st 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 last quarter. Principia Wealth Advisory LLC raised its position in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the last quarter. Marquette Asset Management LLC bought a new position in Linde in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC raised its position in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 58 shares during the last quarter. Finally, Polaris Financial Partners bought a new position in Linde in the 3rd quarter valued at $31,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Price Performance
Shares of LIN traded up $4.76 during mid-day trading on Tuesday, hitting $492.11. 1,394,113 shares of the company traded hands, compared to its average volume of 2,327,269. 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 stock has a market capitalization of $226.85 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.82 and a beta of 0.71. The business has a 50-day moving average of $478.10 and a 200 day moving average of $498.15. Linde PLC has a one year low of $387.78 and a one year high of $548.20.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is 41.34%.
Analyst Upgrades and Downgrades
LIN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Berenberg Bank restated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Bank of America lifted their price target on Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Barclays initiated coverage on Linde in a report on Monday. They issued an “overweight” rating and a $577.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $547.29.
Read Our Latest Stock Analysis on LIN
About Linde
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.
The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.
Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.
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