Linde plc (NASDAQ:LIN) Shares Bought by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. grew its position in Linde plc (NASDAQ:LIN) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,439 shares of the basic materials company’s stock after acquiring an additional 55 shares during the quarter. Linde comprises approximately 1.5% of Ramsay Stattman Vela & Price Inc.’s portfolio, making the stock its 26th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Linde were worth $8,091,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Members Trust Co increased its stake in Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in shares of 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 valued at $830,000 after buying an additional 23 shares during the period. Johnson Financial Group Inc. increased its holdings in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after buying an additional 24 shares during the last quarter. Valued Wealth Advisors LLC raised its position 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 worth $34,000 after buying an additional 24 shares during the period. Finally, CNB Bank boosted its holdings in Linde by 2.9% in the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. HSBC cut their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Stock Up 1.2 %

LIN stock traded up $5.52 during trading on Friday, reaching $478.25. The stock had a trading volume of 1,385,635 shares, compared to its average volume of 1,311,057. The firm has a fifty day moving average price of $448.28 and a 200 day moving average price of $446.55. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $228.36 billion, a P/E ratio of 37.10, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year high of $479.79.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating 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 firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the business posted $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 anticipate that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. Linde’s dividend payout ratio (DPR) is presently 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.