Capital Investment Advisors LLC Purchases 513 Shares of Linde plc (NASDAQ:LIN)

Capital Investment Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 109.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 983 shares of the basic materials company’s stock after acquiring an additional 513 shares during the quarter. Capital Investment Advisors LLC’s holdings in Linde were worth $431,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sandy Spring Bank increased its stake in shares of Linde by 9.8% in the fourth quarter. Sandy Spring Bank now owns 494 shares of the basic materials company’s stock worth $203,000 after buying an additional 44 shares during the period. Cerity Partners LLC increased its position in shares of Linde by 50.6% in the fourth quarter. Cerity Partners LLC now owns 105,542 shares of the basic materials company’s stock valued at $43,347,000 after acquiring an additional 35,467 shares during the period. Sapient Capital LLC bought a new position in shares of Linde during the fourth quarter valued at about $1,212,000. Valeo Financial Advisors LLC boosted its holdings in shares of Linde by 6.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,115 shares of the basic materials company’s stock worth $1,690,000 after purchasing an additional 241 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of Linde by 5.0% in the fourth quarter. Perigon Wealth Management LLC now owns 9,641 shares of the basic materials company’s stock worth $3,960,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

Shares of Linde stock traded down $0.52 on Friday, reaching $447.02. The company’s stock had a trading volume of 1,108,634 shares, compared to its average volume of 1,624,850. The company has a market capitalization of $213.45 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.79 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71. The firm’s fifty day simple moving average is $440.71 and its two-hundred day simple moving average is $440.82.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 19.49% and a return on equity of 17.92%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.57 earnings per share. Equities analysts anticipate that Linde plc will post 15.53 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LIN shares. Citigroup upped their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. HSBC cut their target price 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. Finally, Mizuho raised their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.