Radnor Capital Management LLC Has $345,000 Stock Position in Linde plc (NASDAQ:LIN)

Radnor Capital Management LLC lowered its position in Linde plc (NASDAQ:LIN) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 743 shares of the basic materials company’s stock after selling 83 shares during the period. Radnor Capital Management LLC’s holdings in Linde were worth $345,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of Linde in the 4th quarter worth about $30,000. Johnson Financial Group Inc. lifted its holdings in shares of Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after buying an additional 62 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after buying an additional 73 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in Linde in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.3 %

LIN stock opened at $441.37 on Monday. The stock has a fifty day moving average of $436.28 and a 200-day moving average of $432.97. Linde plc has a fifty-two week low of $358.37 and a fifty-two week high of $477.71. The company has a market capitalization of $212.16 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same quarter last year, the business earned $3.42 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that Linde plc will post 15.51 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $1.39 per share. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s payout ratio is 43.13%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LIN shares. Mizuho lifted their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Wolfe Research initiated coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. BMO Capital Markets cut their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Citigroup downgraded Linde from a “buy” rating to a “neutral” rating and increased their price target for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.