Linde plc (NASDAQ:LIN) Stock Holdings Raised by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC grew its stake in Linde plc (NASDAQ:LIN) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,936 shares of the basic materials company’s stock after purchasing an additional 125 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Linde were worth $4,360,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LIN. Retirement Group LLC acquired a new position in shares of Linde in the 1st quarter worth approximately $25,000. First Pacific Financial bought a new stake in Linde during the first quarter valued at $30,000. Scarborough Advisors LLC acquired a new stake in shares of Linde during the fourth quarter worth $30,000. Valued Wealth Advisors LLC raised its holdings in shares of Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the period. Finally, Johnson Financial Group Inc. lifted its position in shares of Linde by 44.4% in the 4th 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 during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of Linde from $475.00 to $477.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Citigroup increased their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

Shares of NASDAQ:LIN traded up $0.68 during trading on Friday, reaching $456.82. The company had a trading volume of 1,115,354 shares, compared to its average volume of 1,945,987. The firm’s fifty day moving average is $442.56 and its 200 day moving average is $442.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The firm has a market capitalization of $219.58 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve month high of $477.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same period last year, the company posted $3.57 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, September 4th. Linde’s payout ratio is 43.13%.

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.