Linde plc (NASDAQ:LIN) Shares Acquired by Prentice Wealth Management LLC

Prentice Wealth Management LLC grew its position in Linde plc (NASDAQ:LIN) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,316 shares of the basic materials company’s stock after acquiring an additional 87 shares during the quarter. Prentice Wealth Management LLC’s holdings in Linde were worth $611,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Exchange Bank purchased a new stake in shares of Linde during the first quarter worth approximately $222,000. DLK Investment Management LLC raised its stake in shares of Linde by 0.6% during the first quarter. DLK Investment Management LLC now owns 7,586 shares of the basic materials company’s stock worth $3,522,000 after purchasing an additional 47 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Linde by 13.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,569 shares of the basic materials company’s stock worth $2,121,000 after purchasing an additional 546 shares during the last quarter. Fermata Advisors LLC raised its stake in shares of Linde by 17.6% during the first quarter. Fermata Advisors LLC now owns 788 shares of the basic materials company’s stock worth $366,000 after purchasing an additional 118 shares during the last quarter. Finally, Annex Advisory Services LLC raised its position in Linde by 6.8% in the first quarter. Annex Advisory Services LLC now owns 44,557 shares of the basic materials company’s stock worth $20,689,000 after acquiring an additional 2,835 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 0.6 %

LIN traded down $2.79 during mid-day trading on Wednesday, reaching $438.38. The stock had a trading volume of 572,816 shares, compared to its average volume of 2,061,758. Linde plc has a 52 week low of $358.37 and a 52 week high of $477.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The stock has a market capitalization of $210.72 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.77 and a beta of 0.95. The firm’s fifty day simple moving average is $436.15 and its two-hundred day simple moving average is $433.57.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period last year, the company earned $3.42 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts predict that Linde plc will post 15.51 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.27%. Linde’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. HSBC cut their price objective on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wolfe Research initiated coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho raised their price target on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company lifted their price objective on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets reduced their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $468.83.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.