Mosaic Family Wealth Partners LLC Makes New Investment in Linde plc (NASDAQ:LIN)

Mosaic Family Wealth Partners LLC bought a new position in shares of Linde plc (NASDAQ:LIN) during the 1st quarter, HoldingsChannel.com reports. The fund bought 476 shares of the basic materials company’s stock, valued at approximately $221,000.

Other large investors also recently bought and sold shares of the company. Retirement Group LLC purchased a new stake in shares of Linde in the 1st quarter valued at $25,000. First Pacific Financial purchased a new stake in shares of Linde in the 1st quarter valued at $30,000. Scarborough Advisors LLC purchased a new stake in shares of Linde in the 4th quarter valued at $30,000. Johnson Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 24 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of Linde stock traded up $0.66 during trading hours on Friday, reaching $454.00. 2,714,589 shares of the company’s stock were exchanged, compared to its average volume of 1,497,816. Linde plc has a 1 year low of $361.02 and a 1 year high of $477.71. The company has a market capitalization of $218.23 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The business has a fifty day moving average of $439.34 and a two-hundred day moving average of $439.73. 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 released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that Linde plc will post 15.49 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. HSBC decreased their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Mizuho upped their price objective 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. UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets reduced their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $477.25.

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.