Howland Capital Management LLC Has $748,000 Position in Linde plc (NASDAQ:LIN)

Howland Capital Management LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,610 shares of the basic materials company’s stock after selling 143 shares during the period. Howland Capital Management LLC’s holdings in Linde were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LIN. Retirement Group LLC bought a new position in Linde in the first quarter valued at approximately $25,000. First Pacific Financial acquired a new position in Linde in the 1st quarter worth $30,000. Scarborough Advisors LLC bought a new position in Linde during the 4th quarter worth about $30,000. Valued Wealth Advisors LLC raised its stake in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. Finally, Johnson Financial Group Inc. lifted its stake in Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LIN. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. HSBC decreased their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Mizuho boosted their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets lowered their target price 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $465.92.

Linde Stock Down 0.0 %

NASDAQ:LIN traded down $0.06 during trading hours on Thursday, reaching $434.89. The company had a trading volume of 1,368,443 shares, compared to its average volume of 2,034,231. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $433.92 and its two-hundred day simple moving average is $435.23. The firm has a market cap of $209.04 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.73 and a beta of 0.93. Linde plc has a twelve month low of $361.02 and a twelve month high of $477.71.

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, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. During the same quarter last year, the firm posted $3.42 EPS. Linde’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Linde plc will post 15.51 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, June 4th. Linde’s payout ratio is 43.13%.

Linde Company 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.