ICW Investment Advisors LLC Has $2.97 Million Position in Linde plc (NASDAQ:LIN)

ICW Investment Advisors LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,776 shares of the basic materials company’s stock after selling 127 shares during the quarter. Linde makes up approximately 1.3% of ICW Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. ICW Investment Advisors LLC’s holdings in Linde were worth $2,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Retirement Group LLC bought a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Linde during the second quarter valued at approximately $28,000. First Pacific Financial bought a new position in shares of Linde in the first quarter valued at approximately $30,000. Scarborough Advisors LLC acquired a new stake in shares of Linde in the fourth quarter worth $30,000. Finally, Valued Wealth Advisors LLC lifted its stake in shares of Linde by 49.0% in the first 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 last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN traded down $2.19 on Friday, reaching $463.33. 169,994 shares of the stock traded hands, compared to its average volume of 1,886,572. The stock’s 50-day moving average price is $450.82 and its 200-day moving average price is $447.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market cap of $221.24 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 3.00 and a beta of 0.94. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79.

Linde (NASDAQ:LIN) last posted its quarterly 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 the consensus estimate of $8.30 billion. During the same quarter in the previous year, the company earned $3.57 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Linde plc will post 15.54 EPS for the current fiscal 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 given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.20%. 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

Several brokerages recently commented on LIN. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.