Envestnet Asset Management Inc. Acquires 13,595 Shares of Linde plc (NASDAQ:LIN)

Envestnet Asset Management Inc. boosted its holdings in Linde plc (NASDAQ:LINFree Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 702,599 shares of the basic materials company’s stock after buying an additional 13,595 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Linde worth $288,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Provence Wealth Management Group acquired a new position in Linde during the third quarter valued at approximately $29,000. Johnson Financial Group Inc. increased its position in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Addison Advisors LLC raised its stake in Linde by 310.0% during the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 73 shares during the period. Finally, Sands Capital Management LLC acquired a new position in shares of Linde in the 4th quarter valued at approximately $41,000. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

LIN has been the subject of several research reports. Mizuho increased their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. HSBC lowered their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wolfe Research initiated coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, BMO Capital Markets lowered their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $468.83.

Get Our Latest Research Report on LIN

Linde Stock Performance

Shares of LIN opened at $433.70 on Friday. The firm has a 50-day moving average of $440.18 and a 200-day moving average of $430.69. Linde plc has a one year low of $358.37 and a one year high of $477.71. The company has a market cap of $208.47 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76.

Linde (NASDAQ:LINGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. Linde’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.42 EPS. As a group, equities analysts forecast that Linde plc will post 15.5 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Insiders Place Their Bets

In other Linde news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Linde 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 Articles

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.