DeDora Capital Inc. Has $2.04 Million Stake in Linde plc (NASDAQ:LIN)

DeDora Capital Inc. grew its position in shares of Linde plc (NASDAQ:LIN) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,398 shares of the basic materials company’s stock after buying an additional 31 shares during the quarter. DeDora Capital Inc.’s holdings in Linde were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in LIN. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Linde in the 4th quarter worth approximately $203,000. Handelsinvest Investeringsforvaltning acquired a new stake in Linde in the 4th quarter worth approximately $1,600,000. Harbour Trust & Investment Management Co acquired a new stake in Linde in the 4th quarter worth approximately $1,480,000. Sumitomo Life Insurance Co. acquired a new stake in Linde in the 4th quarter worth approximately $2,045,000. Finally, Capricorn Fund Managers Ltd lifted its holdings in Linde by 156.3% in the 4th quarter. Capricorn Fund Managers Ltd now owns 10,121 shares of the basic materials company’s stock worth $4,146,000 after purchasing an additional 6,172 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Linde news, SVP Oliver Pfann sold 300 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Linde news, SVP Oliver Pfann sold 300 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the transaction, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last 90 days. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on LIN. Mizuho boosted their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company upped their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price target for the company. in a report on Monday, January 22nd. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, UBS Group lowered Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average price target of $460.15.

Linde Price Performance

Shares of LIN stock traded up $3.98 during trading hours on Friday, hitting $423.60. 2,657,419 shares of the company’s stock were exchanged, compared to its average volume of 1,803,659. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.67. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The stock’s 50-day moving average is $455.47 and its 200-day moving average is $422.69.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same quarter in the prior year, the firm posted $3.42 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts forecast that Linde plc will post 15.49 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 4th. 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.