Cwm LLC Has $4.28 Million Stake in Linde plc (NASDAQ:LIN)

Cwm LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,764 shares of the basic materials company’s stock after acquiring an additional 452 shares during the period. Cwm LLC’s holdings in Linde were worth $4,284,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 405,952 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. Norges Bank bought a new stake in shares of Linde in the 4th quarter worth approximately $3,066,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Linde by 3.6% in 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 position in Linde by 2.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,893,414 shares of the basic materials company’s stock valued at $1,343,470,000 after buying an additional 66,880 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 subject of a number of recent analyst reports. Mizuho upped their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Wells Fargo & Company increased their target price on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Trading Down 0.9 %

Shares of Linde stock traded down $3.80 on Wednesday, hitting $441.86. 1,619,256 shares of the company’s stock traded hands, compared to its average volume of 1,984,381. Linde plc has a one year low of $361.02 and a one year high of $477.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The company has a fifty day moving average of $440.13 and a two-hundred day moving average of $440.49. The company has a market capitalization of $212.39 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company earned $3.57 earnings per share. Linde’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Linde plc will post 15.49 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $1.39 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.26%. Linde’s payout ratio 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.