NewSquare Capital LLC Acquires 1,720 Shares of Linde plc (NASDAQ:LIN)

NewSquare Capital LLC grew its position in Linde plc (NASDAQ:LIN) by 2,072.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,803 shares of the basic materials company’s stock after buying an additional 1,720 shares during the period. NewSquare Capital LLC’s holdings in Linde were worth $791,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Members Trust Co grew its holdings in Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after buying an additional 23 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings 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 buying an additional 24 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings 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 buying an additional 24 shares in the last quarter. Finally, CNB Bank boosted its holdings in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. HSBC cut their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Mizuho lifted their target price on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Down 0.1 %

NASDAQ:LIN traded down $0.41 on Thursday, reaching $461.34. 438,460 shares of the company’s stock were exchanged, compared to its average volume of 1,918,927. 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 $220.29 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The business has a fifty day moving average of $444.09 and a 200-day moving average of $443.82. Linde plc has a 52-week low of $361.02 and a 52-week high of $477.71.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the firm earned $3.57 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared 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 yield of 1.21%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

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.