Crestwood Advisors Group LLC raised its holdings in Linde plc (NASDAQ:LIN – Free Report) by 33.2% through the second quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 1,468 shares of the essential supplies firm’s inventory after shopping for an extra 366 shares through the interval. Crestwood Advisors Group LLC’s holdings in Linde had been price $644,000 as of its most up-to-date SEC submitting.
Numerous different hedge funds and different institutional traders additionally lately purchased and offered shares of the enterprise. Norges Financial institution acquired a brand new stake in shares of Linde through the fourth quarter price about $3,066,825,000. Clearbridge Investments LLC elevated its place in shares of Linde by 566.9% through the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the essential supplies firm’s inventory price $851,314,000 after buying an extra 1,558,538 shares within the final quarter. Swedbank AB acquired a brand new stake in shares of Linde through the second quarter price about $420,720,000. Non-public Advisor Group LLC elevated its place in shares of Linde by 104.2% through the fourth quarter. Non-public Advisor Group LLC now owns 18,679 shares of the essential supplies firm’s inventory price $7,672,000 after buying an extra 468,415 shares within the final quarter. Lastly, ProShare Advisors LLC elevated its place in shares of Linde by 91.6% through the first quarter. ProShare Advisors LLC now owns 968,402 shares of the essential supplies firm’s inventory price $449,648,000 after buying an extra 463,096 shares within the final quarter. 82.80% of the inventory is presently owned by institutional traders and hedge funds.
Linde Value Efficiency
LIN inventory opened at $474.05 on Wednesday. The agency has a 50 day shifting common of $449.64 and a 200-day shifting common of $447.39. Linde plc has a 12-month low of $361.02 and a 12-month excessive of $479.79. The corporate has a present ratio of 0.95, a fast ratio of 0.80 and a debt-to-equity ratio of 0.43. The corporate has a market cap of $227.86 billion, a price-to-earnings ratio of 36.78, a PEG ratio of three.00 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) final posted its quarterly earnings outcomes on Friday, August 2nd. The fundamental supplies firm reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a web margin of 19.49% and a return on fairness of 17.92%. The corporate had income of $8.30 billion through the quarter, in comparison with the consensus estimate of $8.30 billion. Throughout the identical interval final yr, the agency earned $3.57 EPS. The corporate’s income for the quarter was up 1.2% on a year-over-year foundation. As a gaggle, equities analysts anticipate that Linde plc will put up 15.54 EPS for the present fiscal yr.
Linde Dividend Announcement
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Wednesday, September 18th. Buyers of document on Wednesday, September 4th will likely be given a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is presently 43.13%.
Wall Road Analysts Forecast Development
Numerous analysts have lately commented on LIN shares. BMO Capital Markets reiterated an “outperform” score and set a $477.00 goal worth on shares of Linde in a analysis report on Friday, August thirtieth. Citigroup raised their worth goal on Linde from $470.00 to $480.00 and gave the inventory a “impartial” score in a report on Friday, July twelfth. UBS Group lowered their worth goal on Linde from $490.00 to $475.00 and set a “impartial” score on the inventory in a report on Tuesday, July ninth. JPMorgan Chase & Co. raised their worth goal on Linde from $430.00 to $480.00 and gave the inventory an “chubby” score in a report on Monday, August fifth. Lastly, Barclays raised their worth goal on Linde from $460.00 to $510.00 and gave the inventory an “chubby” score in a report on Monday, August fifth. Six analysts have rated the inventory with a maintain score and 7 have issued a purchase score to the corporate. In accordance with knowledge from MarketBeat.com, the corporate presently has a consensus score of “Reasonable Purchase” and a median goal worth of $484.18.
View Our Newest Analysis Report on LIN
Linde Firm Profile
Linde plc operates as an industrial gasoline firm within the Americas, Europe, the Center East, Africa, Asia, and South Pacific. It presents atmospheric gases, together with oxygen, nitrogen, argon, and uncommon gases; and course of gases, equivalent to carbon dioxide, helium, hydrogen, digital gases, specialty gases, and acetylene.
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