Fulton Bank N.A. Acquires Shares of 498 Linde plc (NASDAQ:LIN)

Fulton Bank N.A. purchased a new position in Linde plc (NASDAQ:LIN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 498 shares of the basic materials company’s stock, valued at approximately $219,000.

A number of other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in shares of Linde by 14.9% in the second quarter. Mather Group LLC. now owns 4,605 shares of the basic materials company’s stock worth $2,138,000 after acquiring an additional 597 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in Linde by 3.2% during the second quarter. Insight Wealth Strategies LLC now owns 3,862 shares of the basic materials company’s stock worth $1,695,000 after buying an additional 120 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in Linde by 6.3% during the second quarter. Trust Co. of Toledo NA OH now owns 980 shares of the basic materials company’s stock worth $430,000 after buying an additional 58 shares in the last quarter. Versant Capital Management Inc lifted its position in Linde by 47.1% during the second quarter. Versant Capital Management Inc now owns 428 shares of the basic materials company’s stock worth $188,000 after buying an additional 137 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Linde during the second quarter worth approximately $2,136,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on LIN. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Mizuho lifted their target price on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday. Finally, HSBC reduced 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Up 0.5 %

LIN traded up $2.16 on Tuesday, hitting $445.66. 1,527,579 shares of the company were exchanged, compared to its average volume of 1,497,816. Linde plc has a twelve month low of $361.02 and a twelve month high of $477.71. The company has a market cap of $214.22 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $439.50 and a two-hundred day moving average price of $440.21.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 EPS. On average, equities analysts predict that Linde plc will post 15.49 earnings per share for the current 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 dividend of $1.39 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. Linde’s dividend payout ratio is currently 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.