First National Bank of Omaha grew its stake in Linde PLC (NASDAQ:LIN – Free Report) by 173.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,507 shares of the basic materials company’s stock after purchasing an additional 13,635 shares during the quarter. First National Bank of Omaha’s holdings in Linde were worth $9,194,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in LIN. Darwin Wealth Management LLC bought a new position in Linde in the 2nd quarter worth $25,000. Triumph Capital Management raised its holdings in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Linde in the 3rd quarter worth $29,000. Saranac Partners Ltd bought a new position in Linde in the 3rd quarter worth $29,000. Finally, Strengthening Families & Communities LLC raised its holdings in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.
Linde Stock Up 1.6%
Shares of Linde stock opened at $523.57 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a 50-day moving average of $504.86 and a 200 day moving average of $471.51. The firm has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 3.24 and a beta of 0.72. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.82.
Linde Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on LIN. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. UBS Group restated a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Finally, Seaport Research Partners upped their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $541.91.
Get Our Latest Stock Report on LIN
Linde Company Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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