Linde plc (NASDAQ:LIN) Stock Holdings Lifted by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA increased its position in Linde plc (NASDAQ:LIN) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 3,050 shares of the basic materials company’s stock after acquiring an additional 30 shares during the period. Orleans Capital Management Corp LA’s holdings in Linde were worth $1,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 during the period. Price T Rowe Associates Inc. MD lifted its position in Linde by 1.3% in 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 buying an additional 141,322 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Linde by 3.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock valued at $1,624,462,000 after buying an additional 138,585 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Linde by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after acquiring an additional 15,187 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Linde by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after acquiring an additional 218,746 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Linde Trading Down 0.6 %

NASDAQ:LIN opened at $476.86 on Tuesday. The company’s 50 day moving average is $462.10 and its 200-day moving average is $449.58. 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 plc has a 12 month low of $361.02 and a 12 month high of $483.36. The firm has a market cap of $229.22 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 3.00 and a beta of 0.94.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

LIN has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group cut their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Company Profile

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.