Iberiabank Corp bought a new position in shares of Linde PLC (NYSE:LIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 962 shares of the basic materials company’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mattern Wealth Management LLC raised its stake in shares of Linde by 11.6% during the 2nd quarter. Mattern Wealth Management LLC now owns 5,431 shares of the basic materials company’s stock worth $1,152,000 after purchasing an additional 564 shares during the period. Mendel Money Management bought a new stake in Linde in the second quarter worth about $4,834,000. Shine Investment Advisory Services Inc. boosted its stake in Linde by 56.0% in the second quarter. Shine Investment Advisory Services Inc. now owns 323 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 116 shares during the last quarter. GWM Advisors LLC grew its position in shares of Linde by 6.3% during the 2nd quarter. GWM Advisors LLC now owns 48,728 shares of the basic materials company’s stock valued at $10,336,000 after acquiring an additional 2,890 shares during the period. Finally, Pratt Collard Advisory Partners LLC bought a new position in shares of Linde during the 2nd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 76.42% of the company’s stock.
Linde stock opened at $245.11 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.80. Linde PLC has a fifty-two week low of $146.71 and a fifty-two week high of $248.88. The stock has a market cap of $128.73 billion, a P/E ratio of 57.81, a PEG ratio of 2.89 and a beta of 0.72. The firm’s fifty day moving average price is $222.96 and its 200-day moving average price is $200.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a $0.963 dividend. This represents a $3.85 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Wednesday, September 2nd. Linde’s dividend payout ratio is currently 52.45%.
Several equities analysts recently commented on LIN shares. Baader Bank reiterated a “buy” rating on shares of Linde in a research note on Thursday. Barclays dropped their price target on Linde from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Citigroup lifted their price objective on Linde from $209.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. SunTrust Banks boosted their price objective on Linde from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Sanford C. Bernstein reiterated a “hold” rating on shares of Linde in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $226.24.
Linde Company 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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