Linde plc (NASDAQ:LIN) Shares Acquired by Prudential PLC

Prudential PLC grew its stake in Linde plc (NASDAQ:LIN) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,288 shares of the basic materials company’s stock after purchasing an additional 1,514 shares during the quarter. Prudential PLC’s holdings in Linde were worth $5,392,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Linde by 2.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock valued at $2,168,000 after buying an additional 104 shares during the last quarter. Portfolio Design Labs LLC bought a new stake in shares of Linde during the 4th quarter valued at about $1,897,000. Cloverfields Capital Group LP bought a new stake in shares of Linde during the 4th quarter valued at about $718,000. Finally, National Bank of Canada FI grew its position in shares of Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after buying an additional 15,393 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LIN shares. Citigroup boosted their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective 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. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Finally, UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Up 0.1 %

Shares of NASDAQ:LIN opened at $463.72 on Wednesday. The company has a 50 day moving average of $452.53 and a 200-day moving average of $448.24. The firm has a market cap of $221.43 billion, a P/E ratio of 35.98, a P/E/G ratio of 2.86 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve 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.

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

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

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.