Kingswood Wealth Advisors LLC Has $1.69 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Kingswood Wealth Advisors LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,638 shares of the basic materials company’s stock after purchasing an additional 97 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Linde were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. raised its holdings in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of Linde by 1.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after buying an additional 25 shares in the last quarter. Claro Advisors LLC raised its holdings in shares of Linde by 1.1% during the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares in the last quarter. Holderness Investments Co. raised its holdings in shares of Linde by 1.4% during the 4th quarter. Holderness Investments Co. now owns 1,863 shares of the basic materials company’s stock valued at $765,000 after buying an additional 25 shares in the last quarter. Finally, Seven Mile Advisory raised its holdings in shares of Linde by 4.2% during the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Down 0.4 %

Shares of NASDAQ LIN traded down $1.97 during mid-day trading on Tuesday, hitting $441.17. 1,522,939 shares of the stock traded hands, compared to its average volume of 2,073,154. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a 52 week low of $358.37 and a 52 week high of $477.71. The company has a market cap of $212.06 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.78 and a beta of 0.95. The stock has a fifty day moving average price of $436.15 and a 200-day moving average price of $433.57.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The business had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.42 earnings per share. Research analysts anticipate that Linde plc will post 15.51 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s payout ratio is 43.13%.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of analyst reports. Citigroup cut Linde from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. UBS Group cut Linde from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. HSBC decreased their price target on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company lifted their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Mizuho lifted their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $468.83.

Linde 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.