Sequoia Financial Advisors LLC Has $4.76 Million Position in Linde plc (NASDAQ:LIN)

Sequoia Financial Advisors LLC raised its position in Linde plc (NASDAQ:LIN) by 4.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,837 shares of the basic materials company’s stock after purchasing an additional 508 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LIN. Vanguard Group Inc. lifted its holdings in shares of Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after acquiring an additional 405,952 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Linde by 1.3% in the fourth 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 in the last quarter. Norges Bank acquired a new position in shares of Linde during the fourth quarter worth $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Linde by 3.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock valued at $1,624,462,000 after acquiring an additional 138,585 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Linde by 2.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,893,414 shares of the basic materials company’s stock valued at $1,343,470,000 after acquiring an additional 66,880 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded up $1.01 during midday trading on Tuesday, reaching $447.79. 214,446 shares of the company traded hands, compared to its average volume of 1,957,280. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $215.24 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. Linde plc has a 12 month low of $361.02 and a 12 month high of $477.71. The firm’s fifty day moving average price is $440.96 and its two-hundred day moving average price is $441.64.

Linde (NASDAQ:LIN) last issued 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the company earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts expect that Linde plc will post 15.53 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. 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

A number of research analysts recently issued reports on LIN shares. JPMorgan Chase & Co. raised 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, August 5th. Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Mizuho increased their price target on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Citigroup raised their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Finally, UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.