Consolidated Portfolio Review Corp Cuts Position in Linde plc (NASDAQ:LIN)

Consolidated Portfolio Review Corp lowered its holdings in shares of Linde plc (NASDAQ:LIN) by 18.3% during the second quarter, HoldingsChannel.com reports. The firm owned 637 shares of the basic materials company’s stock after selling 143 shares during the period. Consolidated Portfolio Review Corp’s holdings in Linde were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LIN. Vanguard Group Inc. increased its position in shares of Linde by 0.9% during the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Linde by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. Norges Bank acquired a new stake in Linde during the 4th quarter worth $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Linde by 3.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock worth $1,624,462,000 after buying an additional 138,585 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Linde by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,893,414 shares of the basic materials company’s stock worth $1,343,470,000 after buying an additional 66,880 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. HSBC dropped their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Up 1.2 %

NASDAQ:LIN opened at $478.25 on Monday. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79. The stock’s fifty day moving average is $448.28 and its two-hundred day moving average is $446.75. The stock has a market capitalization of $228.36 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the firm earned $3.57 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts anticipate that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.16%. Linde’s dividend payout ratio (DPR) is 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.