QS Investors LLC Acquires 343 Shares of Linde plc (NYSE:LIN)

QS Investors LLC raised its position in shares of Linde plc (NYSE:LIN) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,543 shares of the basic materials company’s stock after acquiring an additional 343 shares during the period. QS Investors LLC’s holdings in Linde were worth $3,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sageworth Trust Co bought a new position in Linde during the first quarter valued at $28,000. Montag A & Associates Inc. increased its position in Linde by 115.4% during the first quarter. Montag A & Associates Inc. now owns 112 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 60 shares during the last quarter. Tradition Wealth Management LLC bought a new position in Linde during the second quarter valued at $41,000. Capital Analysts LLC increased its position in Linde by 1,340.0% during the first quarter. Capital Analysts LLC now owns 144 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 134 shares during the last quarter. Finally, Newfound Research LLC bought a new position in Linde during the second quarter valued at $42,000. Institutional investors and hedge funds own 72.10% of the company’s stock.

Shares of NYSE:LIN opened at $300.99 on Thursday. The company has a market cap of $155.43 billion, a P/E ratio of 48.31, a PEG ratio of 2.70 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.71. Linde plc has a one year low of $214.14 and a one year high of $317.03. The business’s 50-day simple moving average is $307.36 and its 200 day simple moving average is $297.36.

Linde (NYSE:LIN) last issued its earnings results on Friday, July 30th. The basic materials company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.53 by $0.17. Linde had a return on equity of 10.54% and a net margin of 11.37%. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter last year, the firm earned $1.90 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Analysts predict that Linde plc will post 10.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, September 3rd were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 2nd. Linde’s dividend payout ratio (DPR) is presently 51.52%.

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Linde from $340.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of Linde from $350.00 to $356.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $310.00 price target for the company in a research report on Friday, July 16th. Mizuho started coverage on shares of Linde in a report on Tuesday. They set a “neutral” rating and a $335.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, August 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Linde has a consensus rating of “Buy” and an average price target of $337.20.

Linde Profile

Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and South Pacific (APAC); Engineering; and Other. The America segment operates production facilities in the U.S., Canada, Mexico, and Brazil.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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