Transform Wealth LLC Has $8.19 Million Stake in Linde plc (NASDAQ:LIN)

Transform Wealth LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 0.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,638 shares of the basic materials company’s stock after buying an additional 104 shares during the period. Transform Wealth LLC’s holdings in Linde were worth $8,190,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its holdings in Linde by 76.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 21,352 shares of the basic materials company’s stock valued at $7,950,000 after buying an additional 9,264 shares during the last quarter. Vinva Investment Management Ltd bought a new position in Linde during the 3rd quarter worth approximately $1,224,000. Roundview Capital LLC raised its holdings in Linde by 12.6% during the 3rd quarter. Roundview Capital LLC now owns 1,027 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 115 shares during the last quarter. Staley Capital Advisers Inc. raised its holdings in Linde by 45.0% during the 3rd quarter. Staley Capital Advisers Inc. now owns 1,464 shares of the basic materials company’s stock worth $545,000 after purchasing an additional 454 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in Linde during the 3rd quarter worth approximately $101,313,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on LIN shares. Mizuho lifted their price objective on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. HSBC cut their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday, May 6th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Wolfe Research initiated coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets lowered their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $468.83.

Linde Trading Up 0.1 %

Shares of Linde stock traded up $0.30 during midday trading on Friday, reaching $440.52. 354,179 shares of the company’s stock traded hands, compared to its average volume of 2,050,097. The stock has a 50 day moving average of $435.99 and a 200-day moving average of $433.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The company has a market cap of $211.75 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. Linde plc has a 12 month low of $358.37 and a 12 month high of $477.71.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping 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 prior year, the firm posted $3.42 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities analysts expect that Linde plc will post 15.51 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid 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 dividend yield of 1.26%. Linde’s dividend payout ratio is currently 43.13%.

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.