Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Linde PLC (NASDAQ:LIN – Free Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 15,050 shares of the basic materials company’s stock, valued at approximately $7,461,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde during the second quarter worth $25,000. Triumph Capital Management boosted its stake 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 during the period. Saranac Partners Ltd acquired a new position in Linde in the 3rd quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the 3rd quarter worth about $29,000. Finally, Strengthening Families & Communities LLC increased its holdings in Linde by 134.5% during 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. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Stock Performance
NASDAQ:LIN opened at $513.22 on Friday. The company has a market cap of $237.29 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 3.27 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The stock has a fifty day moving average price of $515.95 and a 200-day moving average price of $491.09.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio is presently 42.50%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LIN. Evercore restated an “outperform” rating and issued a $525.00 price target on shares of Linde in a report on Friday, July 10th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Seaport Research Partners boosted their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research note on Friday. Finally, UBS Group reiterated a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $548.67.
Read Our Latest Stock Report on LIN
Linde 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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