Clearstead Trust LLC Grows Stock Position in Linde plc (NASDAQ:LIN)

Clearstead Trust LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 0.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,619 shares of the basic materials company’s stock after acquiring an additional 32 shares during the quarter. Clearstead Trust LLC’s holdings in Linde were worth $2,466,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its stake in Linde by 10.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,079 shares of the basic materials company’s stock valued at $2,907,000 after purchasing an additional 660 shares in the last quarter. Sachetta LLC bought a new stake in Linde during the 4th quarter valued at $440,000. D.A. Davidson & CO. raised its stake in shares of Linde by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 25,511 shares of the basic materials company’s stock worth $10,478,000 after buying an additional 167 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Linde by 5.5% in the 4th quarter. Corient Private Wealth LLC now owns 538,138 shares of the basic materials company’s stock worth $221,010,000 after buying an additional 28,150 shares in the last quarter. Finally, L.M. Kohn & Company raised its stake in shares of Linde by 61.2% in the 4th quarter. L.M. Kohn & Company now owns 1,096 shares of the basic materials company’s stock worth $450,000 after buying an additional 416 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $474.91 on Tuesday. The firm has a market cap of $228.28 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year high of $479.79. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $455.31 and its 200-day moving average is $448.84.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.92% and a net margin of 19.49%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 EPS. Equities research analysts predict that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group cut their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Finally, Citigroup raised 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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.