Linde plc (NASDAQ:LIN) Holdings Trimmed by TIAA Trust National Association

TIAA Trust National Association cut its holdings in Linde plc (NASDAQ:LIN) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,916 shares of the basic materials company’s stock after selling 3,546 shares during the quarter. TIAA Trust National Association’s holdings in Linde were worth $14,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Members Trust Co boosted its position in shares of Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its holdings in Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 23 shares during the period. Johnson Financial Group Inc. grew 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 during the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the period. Finally, CNB Bank increased its holdings in shares of Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

Linde stock traded down $1.29 during trading hours on Friday, hitting $444.75. 1,503,763 shares of the stock were exchanged, compared to its average volume of 1,609,324. The stock has a market capitalization of $213.78 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.81 and a beta of 0.93. The business’s 50-day moving average is $436.08 and its two-hundred day moving average is $436.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a 12 month low of $361.02 and a 12 month high of $477.71.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $3.42 EPS. Linde’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts expect that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. Linde’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. HSBC decreased their target price on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets decreased their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Mizuho upped their target price on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $464.25.

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.