Linde plc (NYSE:LIN) Shares Acquired by Boston Private Wealth LLC

Boston Private Wealth LLC grew its position in Linde plc (NYSE:LIN) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,750 shares of the basic materials company’s stock after acquiring an additional 127 shares during the period. Boston Private Wealth LLC’s holdings in Linde were worth $770,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LIN. First Trust Advisors LP increased its stake in shares of Linde by 450.4% during the first quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 12,003 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new stake in shares of Linde during the fourth quarter worth about $184,000. AE Wealth Management LLC increased its stake in shares of Linde by 10.6% during the fourth quarter. AE Wealth Management LLC now owns 1,874 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 179 shares in the last quarter. Flputnam Investment Management Co. increased its stake in shares of Linde by 4.2% during the fourth quarter. Flputnam Investment Management Co. now owns 1,047 shares of the basic materials company’s stock worth $276,000 after purchasing an additional 42 shares in the last quarter. Finally, Baker Tilly Financial LLC purchased a new stake in shares of Linde during the fourth quarter worth about $503,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

NYSE:LIN opened at $290.33 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.21. The firm has a market cap of $150.98 billion, a price-to-earnings ratio of 52.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The company has a 50-day moving average price of $292.69. Linde plc has a 1-year low of $197.26 and a 1-year high of $305.71.

Linde (NYSE:LIN) last posted its earnings results on Thursday, May 6th. The basic materials company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.23. Linde had a net margin of 10.48% and a return on equity of 9.66%. Sell-side analysts anticipate that Linde plc will post 10.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Thursday, June 3rd will be issued a $1.06 dividend. The ex-dividend date of this dividend is Wednesday, June 2nd. This represents a $4.24 annualized dividend and a dividend yield of 1.46%. Linde’s dividend payout ratio is currently 51.52%.

LIN has been the subject of a number of research reports. Baader Bank reissued a “buy” rating on shares of Linde in a research note on Sunday, May 16th. Morgan Stanley upped their price objective on shares of Linde from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a research note on Tuesday, May 11th. DZ Bank reaffirmed a “buy” rating on shares of Linde in a research note on Friday, February 19th. Finally, Wolfe Research initiated coverage on shares of Linde in a research note on Wednesday. They set a “market perform” rating for the company. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $314.12.

Linde Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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