Calamos Wealth Management LLC Grows Stock Holdings in Linde plc (NASDAQ:LIN)

Calamos Wealth Management LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,867 shares of the basic materials company’s stock after purchasing an additional 793 shares during the period. Linde accounts for approximately 0.8% of Calamos Wealth Management LLC’s portfolio, making the stock its 24th largest position. Calamos Wealth Management LLC’s holdings in Linde were worth $15,300,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Members Trust Co boosted its stake in shares of Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the period. Johnson Financial Group Inc. boosted its stake in Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the period. Valued Wealth Advisors LLC raised its position in shares of Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the last quarter. Finally, CNB Bank raised its position in shares of Linde by 2.9% during the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the topic of several research analyst reports. Barclays boosted their price target 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 price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, BMO Capital Markets boosted their price target on shares of Linde from $475.00 to $477.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. 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, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Up 0.9 %

NASDAQ:LIN traded up $4.03 during mid-day trading on Friday, hitting $465.74. 1,307,962 shares of the stock traded hands, compared to its average volume of 1,919,406. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $223.87 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.86 and a beta of 0.94. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71. The firm’s 50 day moving average is $445.11 and its two-hundred day moving average is $444.60.

Linde (NASDAQ:LIN) last issued its quarterly 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 return on equity of 17.92% and a net margin of 19.49%. 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 business posted $3.57 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s payout ratio 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.