InterOcean Capital Group LLC Has $339,000 Stake in Linde plc (NASDAQ:LIN)

InterOcean Capital Group LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 12.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 730 shares of the basic materials company’s stock after acquiring an additional 81 shares during the period. InterOcean Capital Group LLC’s holdings in Linde were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Price T Rowe Associates Inc. MD grew its stake in shares of Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after buying an additional 141,322 shares during the period. Provence Wealth Management Group boosted its holdings in Linde by 655.7% in the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 518 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Linde in the fourth quarter valued at approximately $203,000. Douglass Winthrop Advisors LLC raised its position in shares of Linde by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after purchasing an additional 104 shares during the period. Finally, Portfolio Design Labs LLC bought a new position in shares of Linde in the 4th quarter worth $1,897,000. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LIN shares. UBS Group cut their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. HSBC reduced their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. BMO Capital Markets reduced their target price on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, Mizuho lifted their price target on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $464.25.

Linde Stock Performance

Linde stock traded down $0.73 during mid-day trading on Thursday, reaching $443.03. The company’s stock had a trading volume of 1,648,043 shares, compared to its average volume of 1,994,690. The firm’s fifty day moving average price is $436.87 and its two-hundred day moving average price is $437.60. 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. The company has a market capitalization of $212.96 billion, a P/E ratio of 34.70, a PEG ratio of 2.82 and a beta of 0.93.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.07. The company had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.42 earnings per share. Sell-side analysts predict that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Dividend Announcement

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. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. 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.