Commerce Bank Raises Stock Holdings in Linde PLC (NYSE:LIN)

Commerce Bank lifted its holdings in shares of Linde PLC (NYSE:LIN) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,892 shares of the basic materials company’s stock after purchasing an additional 972 shares during the quarter. Commerce Bank’s holdings in Linde were worth $3,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Solstein Capital LLC purchased a new stake in Linde in the fourth quarter worth approximately $27,000. Procyon Private Wealth Partners LLC purchased a new stake in Linde in the fourth quarter worth approximately $30,000. Squar Milner Financial Services LLC boosted its stake in Linde by 131.3% in the fourth quarter. Squar Milner Financial Services LLC now owns 148 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares in the last quarter. Key Financial Inc purchased a new stake in Linde in the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Linde in the fourth quarter worth approximately $36,000. 75.20% of the stock is owned by institutional investors.

LIN has been the subject of several research reports. Norddeutsche Landesbank reaffirmed a “hold” rating on shares of Linde in a research note on Thursday, May 14th. BMO Capital Markets upped their target price on Linde from $217.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a research note on Wednesday, May 13th. Sanford C. Bernstein reiterated a “hold” rating on shares of Linde in a research report on Thursday, May 7th. Finally, Barclays lowered their price objective on Linde from $230.00 to $215.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Linde has a consensus rating of “Buy” and a consensus target price of $212.82.

Shares of Linde stock opened at $190.87 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $182.72 and its two-hundred day simple moving average is $197.03. The company has a market cap of $101.71 billion, a P/E ratio of 44.73, a PEG ratio of 2.39 and a beta of 0.69. Linde PLC has a 12-month low of $146.71 and a 12-month high of $227.85.

Linde (NYSE:LIN) last issued its quarterly earnings data on Thursday, May 7th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.06. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.74 billion. Linde had a net margin of 8.35% and a return on equity of 8.06%. Analysts predict that Linde PLC will post 7.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.963 per share. This represents a $3.85 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, June 2nd. Linde’s payout ratio is currently 52.45%.

In other Linde news, Director Franz Fehrenbach bought 1,400 shares of Linde stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average cost of $158.72 per share, with a total value of $222,208.00. Following the transaction, the director now directly owns 3,113 shares of the company’s stock, valued at $494,095.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen F. Angel bought 3,000 shares of Linde stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $173.13 per share, for a total transaction of $519,390.00. Insiders bought a total of 6,400 shares of company stock worth $1,046,538 over the last ninety days. Insiders own 0.70% of the company’s stock.

Linde Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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