Linde plc (NASDAQ:LIN) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its holdings in Linde plc (NASDAQ:LIN) by 33.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468 shares of the basic materials company’s stock after buying an additional 366 shares during the period. Crestwood Advisors Group LLC’s holdings in Linde were worth $644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Linde during the fourth quarter worth about $3,066,825,000. Clearbridge Investments LLC increased its position in shares of Linde by 566.9% during the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after purchasing an additional 1,558,538 shares in the last quarter. Swedbank AB acquired a new stake in shares of Linde during the second quarter worth about $420,720,000. Private Advisor Group LLC increased its position in shares of Linde by 104.2% during the fourth quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock worth $7,672,000 after purchasing an additional 468,415 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Linde by 91.6% during the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after purchasing an additional 463,096 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

LIN stock opened at $474.05 on Wednesday. The firm has a 50 day moving average of $449.64 and a 200-day moving average of $447.39. Linde plc has a 12-month low of $361.02 and a 12-month high of $479.79. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market cap of $227.86 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.00 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period last year, the firm earned $3.57 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LIN shares. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Citigroup raised their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.