Dohj LLC Purchases 103 Shares of Linde plc (NASDAQ:LIN)

Dohj LLC boosted its position in Linde plc (NASDAQ:LIN) by 8.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,322 shares of the basic materials company’s stock after purchasing an additional 103 shares during the quarter. Dohj LLC’s holdings in Linde were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LIN. Scarborough Advisors LLC acquired a new position in Linde in the 4th quarter worth approximately $30,000. Johnson Financial Group Inc. boosted its position in Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Addison Advisors LLC boosted its position in Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 62 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 73 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in Linde in the 4th quarter worth approximately $39,000. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LIN. BMO Capital Markets lowered their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research initiated coverage on Linde in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company increased their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $468.83.

Linde Trading Up 0.1 %

Shares of LIN traded up $0.30 during midday trading on Friday, reaching $440.52. The company had a trading volume of 354,179 shares, compared to its average volume of 2,050,097. Linde plc has a 1-year low of $358.37 and a 1-year high of $477.71. The stock has a market cap of $211.75 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The firm has a 50 day simple moving average of $435.99 and a 200-day simple moving average of $433.60. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s payout ratio is 43.13%.

About Linde

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.