Linde plc (NASDAQ:LIN) Shares Bought by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 20.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 855 shares of the basic materials company’s stock after purchasing an additional 145 shares during the quarter. Resurgent Financial Advisors LLC’s holdings in Linde were worth $397,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Retirement Group LLC acquired a new position in Linde during the first quarter worth approximately $25,000. First Pacific Financial purchased a new position in shares of Linde in the 1st quarter worth $30,000. Scarborough Advisors LLC acquired a new position in Linde in the fourth quarter valued at $30,000. Johnson Financial Group Inc. grew its position in Linde by 44.4% during the fourth 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 during the period. Finally, Addison Advisors LLC increased its stake in Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

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

Linde Stock Up 0.0 %

Shares of LIN traded up $0.08 during trading on Tuesday, reaching $446.18. The company’s stock had a trading volume of 447,369 shares, compared to its average volume of 1,994,358. The company has a market cap of $214.47 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.81 and a beta of 0.94. 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 company has a fifty day moving average of $436.31 and a two-hundred day moving average of $437.28. 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. The firm had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.42 earnings per share. On average, sell-side analysts predict that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $1.39 dividend. The ex-dividend date 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 (DPR) is 43.13%.

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.