Sequoia Financial Advisors LLC Sells 4,939 Shares of Linde plc (NASDAQ:LIN)

Sequoia Financial Advisors LLC reduced its stake in Linde plc (NASDAQ:LIN) by 32.3% in the first quarter, Holdings Channel.com reports. The fund owned 10,329 shares of the basic materials company’s stock after selling 4,939 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $4,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. First Pacific Financial bought a new position in shares of Linde in the first quarter worth $30,000. Scarborough Advisors LLC bought a new position in shares of Linde in the fourth quarter worth $30,000. Johnson Financial Group Inc. raised its position in shares of Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after buying an additional 24 shares in the last quarter. Addison Advisors LLC raised its position in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its position in shares of Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. BMO Capital Markets lowered their price objective on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. HSBC lowered their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Finally, Mizuho increased 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $468.83.

Linde Trading Up 0.6 %

Shares of LIN traded up $2.78 during trading hours on Friday, hitting $435.72. The company had a trading volume of 1,499,382 shares, compared to its average volume of 1,597,938. The firm has a market cap of $209.44 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.72 and a beta of 0.93. The stock’s 50 day moving average price is $434.46 and its 200 day moving average price is $434.55. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. Linde plc has a 52-week low of $358.37 and a 52-week high of $477.71.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.68 by $0.07. The firm had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.42 earnings per share. On average, research analysts predict 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. Stockholders 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 annualized dividend and a dividend yield of 1.28%. 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.