Raymond James Trust N.A. Has $2.93 Million Holdings in Linde plc (NYSE:LIN)

Raymond James Trust N.A. lessened its holdings in shares of Linde plc (NYSE:LINGet Rating) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,204 shares of the basic materials company’s stock after selling 125 shares during the quarter. Raymond James Trust N.A.’s holdings in Linde were worth $2,934,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LIN. Steward Financial Group LLC acquired a new stake in Linde during the 1st quarter worth $31,000. Hoese & Co LLP bought a new position in Linde during the 1st quarter worth about $32,000. Herold Advisors Inc. bought a new position in Linde during the 1st quarter worth about $32,000. Rational Advisors LLC lifted its stake in Linde by 64.0% in the 1st quarter. Rational Advisors LLC now owns 123 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 48 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its stake in Linde by 45.1% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LIN shares. Jefferies Financial Group cut their target price on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. Credit Suisse Group began coverage on shares of Linde in a research note on Tuesday, May 31st. They issued an “outperform” rating and a $380.00 target price for the company. UBS Group cut their price objective on shares of Linde from $355.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Bank of America cut their price objective on shares of Linde from $370.00 to $369.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Linde from €370.00 ($377.55) to €355.00 ($362.24) and set a “buy” rating for the company in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $365.60.

Linde Stock Down 0.9 %

NYSE LIN opened at $274.07 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Linde plc has a 1-year low of $265.12 and a 1-year high of $352.18. The company has a 50 day moving average of $291.56 and a 200-day moving average of $301.72. The company has a market cap of $136.59 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.33 and a beta of 0.88.

Linde (NYSE:LINGet Rating) last released its quarterly earnings results on Thursday, July 28th. The basic materials company reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.12. Linde had a net margin of 10.88% and a return on equity of 13.41%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the business earned $2.70 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts expect that Linde plc will post 11.89 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $1.17 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $4.68 dividend on an annualized basis and a yield of 1.71%. Linde’s dividend payout ratio (DPR) is 67.83%.

Linde Profile

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Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia 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.

Further Reading

Institutional Ownership by Quarter for Linde (NYSE:LIN)

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