Linde plc (NASDAQ:LIN) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 35.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,769 shares of the basic materials company’s stock after purchasing an additional 724 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Linde were worth $1,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Members Trust Co lifted its stake in shares of Linde by 3.7% during 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 raised its holdings in Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Linde by 44.4% during 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. Valued Wealth Advisors LLC boosted 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 last quarter. Finally, CNB Bank grew its position 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 buying an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 1.9 %

NASDAQ LIN traded down $8.44 during trading hours on Monday, reaching $445.56. 838,519 shares of the company’s stock were exchanged, compared to its average volume of 1,980,205. 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 one year low of $361.02 and a one year high of $477.71. The company’s 50-day moving average is $439.34 and its two-hundred day moving average is $439.96. The company has a market capitalization of $214.17 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.57 EPS. On average, analysts forecast that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given 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 is Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LIN shares. JPMorgan Chase & Co. increased their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday. HSBC reduced their price target 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 dropped their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Wells Fargo & Company increased their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Mizuho boosted their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $481.40.

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.