Linde plc (NASDAQ:LIN) Shares Acquired by Czech National Bank

Czech National Bank lifted its position in shares of Linde plc (NASDAQ:LINFree Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,316 shares of the basic materials company’s stock after purchasing an additional 377 shares during the period. Czech National Bank’s holdings in Linde were worth $39,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Norges Bank acquired a new stake in shares of Linde during the fourth quarter worth about $3,066,825,000. Private Advisor Group LLC increased its position in Linde by 104.2% in the 4th quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock valued at $7,672,000 after acquiring an additional 468,415 shares during the period. International Assets Investment Management LLC increased its position in Linde by 33,201.7% in the 4th quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock valued at $169,189,000 after acquiring an additional 410,705 shares during the period. Confluence Investment Management LLC acquired a new position in Linde in the 1st quarter valued at about $171,607,000. Finally, California Public Employees Retirement System increased its position in Linde by 37.2% in the 4th quarter. California Public Employees Retirement System now owns 1,282,518 shares of the basic materials company’s stock valued at $526,743,000 after acquiring an additional 347,531 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent research reports. UBS Group cut Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Citigroup cut Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. HSBC dropped their price target on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Wolfe Research initiated coverage on Linde in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company boosted their price target on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average price target of $468.83.

View Our Latest Stock Report on Linde

Linde Stock Performance

LIN traded up $2.61 during trading on Thursday, reaching $442.63. The company’s stock had a trading volume of 1,616,979 shares, compared to its average volume of 2,067,581. The company’s fifty day moving average price is $436.37 and its 200-day moving average price is $432.30. The company has a market capitalization of $212.76 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a 52-week low of $358.37 and a 52-week high of $477.71.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.42 EPS. On average, equities analysts forecast that Linde plc will post 15.51 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Linde Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LINFree Report).

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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.