Cohen Capital Management Inc. Has $916,000 Holdings in Linde plc (NASDAQ:LIN)

Cohen Capital Management Inc. lifted its holdings in Linde plc (NASDAQ:LIN) by 6.6% during the 1st quarter, HoldingsChannel reports. The fund owned 1,972 shares of the basic materials company’s stock after acquiring an additional 122 shares during the quarter. Cohen Capital Management Inc.’s holdings in Linde were worth $916,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC lifted its position in Linde by 10.2% during the first quarter. Keener Financial Planning LLC now owns 538 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 50 shares during the period. 9258 Wealth Management LLC lifted its position in Linde by 1.4% during the first quarter. 9258 Wealth Management LLC now owns 2,908 shares of the basic materials company’s stock worth $1,350,000 after purchasing an additional 39 shares during the period. Team Hewins LLC lifted its position in Linde by 1.9% during the first quarter. Team Hewins LLC now owns 2,739 shares of the basic materials company’s stock worth $1,272,000 after purchasing an additional 50 shares during the period. Csenge Advisory Group lifted its position in Linde by 4.7% during the first quarter. Csenge Advisory Group now owns 3,497 shares of the basic materials company’s stock worth $1,624,000 after purchasing an additional 157 shares during the period. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Linde by 30.1% in the first quarter. Richardson Financial Services Inc. now owns 1,209 shares of the basic materials company’s stock worth $562,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN traded down $0.06 on Thursday, hitting $434.89. The stock had a trading volume of 1,368,443 shares, compared to its average volume of 2,034,231. Linde plc has a 52-week low of $361.02 and a 52-week high of $477.71. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market cap of $209.04 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. The business’s 50-day simple moving average is $434.23 and its two-hundred day simple moving average is $435.23.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. Linde’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. HSBC dropped their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Wells Fargo & Company lifted their price target 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. Mizuho raised their price objective on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets decreased their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $465.92.

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.