Massmutual Trust Co. FSB ADV Purchases 210 Shares of Linde plc (NASDAQ:LIN)

Massmutual Trust Co. FSB ADV raised its position in Linde plc (NASDAQ:LIN) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,412 shares of the basic materials company’s stock after buying an additional 210 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Linde were worth $620,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Linde by 33,201.7% during the fourth quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock valued at $169,189,000 after acquiring an additional 410,705 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Linde by 38.9% in the 4th quarter. Arkadios Wealth Advisors now owns 946 shares of the basic materials company’s stock valued at $389,000 after purchasing an additional 265 shares during the last quarter. Allworth Financial LP raised its stake in shares of Linde by 13.7% during the fourth quarter. Allworth Financial LP now owns 1,946 shares of the basic materials company’s stock worth $799,000 after buying an additional 234 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Linde by 19.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,220 shares of the basic materials company’s stock worth $3,376,000 after buying an additional 1,317 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Linde by 1.1% in the fourth quarter. CENTRAL TRUST Co now owns 10,652 shares of the basic materials company’s stock valued at $4,375,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock traded up $2.16 during midday trading on Tuesday, hitting $445.66. 1,527,508 shares of the company were exchanged, compared to its average volume of 1,982,738. The firm has a market capitalization of $214.22 billion, a P/E ratio of 34.78, a PEG ratio of 2.86 and a beta of 0.94. 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 $361.02 and a 52 week high of $477.71. The firm’s 50 day moving average price is $439.50 and its two-hundred day moving average price is $440.21.

Linde (NASDAQ:LIN) last posted 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. The company 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 17.49% and a net margin of 19.26%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.57 earnings per share. As a group, equities research analysts anticipate that Linde plc will post 15.49 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. Linde’s payout ratio is presently 43.13%.

Analyst Ratings Changes

Several research firms have recently issued reports on LIN. BMO Capital Markets raised their price target on Linde from $475.00 to $477.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup upped their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. HSBC reduced their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group lowered their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $484.18.

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.