Lantz Financial LLC Decreases Stock Position in Linde plc (NASDAQ:LIN)

Lantz Financial LLC trimmed its position in shares of Linde plc (NASDAQ:LIN) by 2.7% in the 2nd quarter, Holdings Channel reports. The firm owned 5,428 shares of the basic materials company’s stock after selling 150 shares during the period. Lantz Financial LLC’s holdings in Linde were worth $2,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Avantax Advisory Services Inc. lifted its stake in Linde by 2.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,383 shares of the basic materials company’s stock worth $7,961,000 after purchasing an additional 538 shares in the last quarter. Quotient Wealth Partners LLC purchased a new position in Linde during the fourth quarter worth approximately $524,000. Vise Technologies Inc. boosted its stake in Linde by 17.9% during the fourth quarter. Vise Technologies Inc. now owns 1,067 shares of the basic materials company’s stock worth $438,000 after buying an additional 162 shares during the last quarter. Goelzer Investment Management Inc. acquired a new position in Linde during the fourth quarter worth $304,000. Finally, D Orazio & Associates Inc. grew its holdings in Linde by 9.6% in the 4th quarter. D Orazio & Associates Inc. now owns 625 shares of the basic materials company’s stock valued at $257,000 after buying an additional 55 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Price Performance

Shares of NASDAQ LIN opened at $463.72 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market cap of $221.43 billion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The stock’s 50-day moving average is $452.53 and its two-hundred day moving average is $448.24. Linde plc has a 1-year low of $361.02 and a 1-year high of $479.79.

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

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. Linde’s payout ratio is 43.13%.

Linde 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.