Sentry Investment Management LLC decreased its holdings in Linde plc (NASDAQ:LIN – Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,345 shares of the basic materials company’s stock after selling 480 shares during the period. Sentry Investment Management LLC’s holdings in Linde were worth $1,029,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Retirement Group LLC bought a new stake in shares of Linde in the first quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Linde in the 2nd quarter valued at about $28,000. Scarborough Advisors LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. raised its position in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 24 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Linde in the second quarter worth approximately $33,000. Institutional investors own 82.80% of the company’s stock.
Linde Trading Up 0.1 %
Shares of Linde stock opened at $463.72 on Wednesday. The firm has a market cap of $221.43 billion, a PE ratio of 35.98, a P/E/G ratio of 2.86 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79. 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 stock has a fifty day moving average price of $452.53 and a 200-day moving average price of $448.24.
Linde Dividend Announcement
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 paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.
Analyst Ratings Changes
A number of analysts recently commented on LIN shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Citigroup boosted their price target 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. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.
View Our Latest Analysis on LIN
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.
Read More
- Five stocks we like better than Linde
- Canadian Penny Stocks: Can They Make You Rich?
- Is Redfin Stock a Buy? Housing Market Recovery Could Fuel Upside
- How to Most Effectively Use the MarketBeat Earnings Screener
- An EV OEM Shakeout Is Underway: Who Will Win?
- Golden Cross Stocks: Pattern, Examples and Charts
- Why Hedge Funds Are Betting Big on Alibaba and Baidu for 2024
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.