Foguth Wealth Management LLC. Makes New $332,000 Investment in Linde plc (NASDAQ:LIN)

Foguth Wealth Management LLC. purchased a new stake in shares of Linde plc (NASDAQ:LIN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 757 shares of the basic materials company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc lifted its stake in Linde by 1.2% during the 2nd quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock valued at $81,611,000 after acquiring an additional 2,252 shares during the period. Wedmont Private Capital boosted its holdings in Linde by 20.5% in the second quarter. Wedmont Private Capital now owns 3,445 shares of the basic materials company’s stock worth $1,518,000 after purchasing an additional 586 shares during the last quarter. Bangor Savings Bank boosted its holdings in Linde by 62.9% in the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Linde by 4.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,837 shares of the basic materials company’s stock worth $4,755,000 after purchasing an additional 508 shares during the period. Finally, Alpha Cubed Investments LLC raised its stake in Linde by 0.8% during the 2nd quarter. Alpha Cubed Investments LLC now owns 3,685 shares of the basic materials company’s stock valued at $1,617,000 after buying an additional 30 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN traded up $2.92 during midday trading on Tuesday, reaching $449.70. The stock had a trading volume of 1,167,493 shares, compared to its average volume of 1,963,469. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a 12-month low of $361.02 and a 12-month high of $477.71. The stock has a 50-day moving average of $441.33 and a 200-day moving average of $441.96. The company has a market capitalization of $216.16 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly 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 return on equity of 17.92% and a net margin of 19.49%. 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 business posted $3.57 EPS. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Linde plc will post 15.53 EPS for the current fiscal year.

Linde Announces Dividend

The firm 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 dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Linde from $475.00 to $477.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Mizuho boosted 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. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup increased their price target 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.