O Brien Greene & Co. Inc lifted its holdings in shares of Linde plc (NYSE:LIN – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,440 shares of the basic materials company’s stock after purchasing an additional 40 shares during the period. O Brien Greene & Co. Inc’s holdings in Linde were worth $499,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in LIN. Addison Advisors LLC bought a new stake in shares of Linde during the 4th quarter valued at about $27,000. Herold Advisors Inc. acquired a new position in Linde during the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC raised its stake in Linde by 87.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 103 shares of the basic materials company’s stock worth $30,000 after buying an additional 48 shares during the period. MFA Wealth Advisors LLC acquired a new position in Linde during the 3rd quarter worth approximately $31,000. Finally, Desjardins Global Asset Management Inc. acquired a new position in Linde during the 4th quarter worth approximately $31,000. Institutional investors own 70.90% of the company’s stock.
A number of research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Linde from $405.00 to $365.00 and set an “outperform” rating on the stock in a research note on Monday, February 14th. Morgan Stanley increased their price objective on Linde from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 11th. HSBC increased their price objective on Linde from $366.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, February 18th. Cowen lowered their price objective on Linde from $345.00 to $330.00 and set a “market perform” rating for the company in a research note on Thursday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Linde from $360.00 to $370.00 in a research report on Friday, February 11th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $361.53.
Linde (NYSE:LIN – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The basic materials company reported $2.77 EPS for the quarter, topping the Zacks’ consensus estimate of $2.67 by $0.10. Linde had a return on equity of 12.00% and a net margin of 12.43%. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the company earned $2.30 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts forecast that Linde plc will post 11.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 3rd will be paid a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, June 2nd. Linde’s dividend payout ratio is 63.93%.
About Linde (Get Rating)
Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia 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.
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