NewSquare Capital LLC Has $791,000 Stock Holdings in Linde plc (NASDAQ:LIN)

NewSquare Capital LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 2,072.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,803 shares of the basic materials company’s stock after buying an additional 1,720 shares during the quarter. NewSquare Capital LLC’s holdings in Linde were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD increased its position in shares of Linde by 1.3% during the fourth 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 during the period. Provence Wealth Management Group increased its position in shares of Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock worth $245,000 after buying an additional 518 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Linde during the fourth quarter worth $203,000. Douglass Winthrop Advisors LLC increased its position in shares of Linde by 2.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after buying an additional 104 shares during the period. Finally, Portfolio Design Labs LLC acquired a new stake in shares of Linde during the fourth quarter worth $1,897,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LIN. 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 cut their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Stock Down 0.1 %

Shares of Linde stock traded down $0.41 during trading hours on Thursday, reaching $461.34. The company’s stock had a trading volume of 438,460 shares, compared to its average volume of 1,918,927. Linde plc has a one year low of $361.02 and a one year high of $477.71. The company has a market capitalization of $220.29 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.86 and a beta of 0.94. The stock’s fifty day simple moving average is $444.09 and its two-hundred day simple moving average is $443.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating 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 company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the company posted $3.57 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. Linde’s dividend payout ratio (DPR) is presently 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.