Linde plc (NASDAQ:LIN) shares acquired by SVB Wealth LLC

SVB Wealth LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN – Free Report) by 284.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,310 shares of the basic materials company’s stock after acquiring an additional 9,850 shares during the quarter. SVB Wealth LLC’s holdings in Linde were worth $5,841,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Chicago Capital LLC boosted its holdings in Linde by 7.1% in the second quarter. Chicago Capital LLC now owns 28,035 shares of the basic materials company’s stock valued at $12,302,000 after purchasing an additional 1,870 shares during the last quarter. Greystone Financial Group LLC boosted its holdings in shares of Linde by 43.4% in the second quarter. Greystone Financial Group LLC now owns 1,988 shares of the basic materials company’s stock valued at $872,000 after purchasing an additional 602 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Linde by 9.3% in the second quarter. Cullen Frost Bankers Inc. now owns 18,055 shares of the basic materials company’s stock valued at $7,923,000 after buying an additional 1,534 shares during the period. Patron Partners LLC boosted its stake in Linde by 3.1% in the second quarter. Patron Partners LLC now owns 1,567 shares of the basic materials company’s stock worth $688,000 after purchasing an additional 47 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Linde by 17.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,311 shares of the basic materials company’s stock, valued at $575,000, after buying another 195 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts recently commented on LIN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Citigroup boosted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America upped their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18, according to MarketBeat.com.

Read our latest research report on Linde

Linde stock down 1.9%

Shares of NASDAQ LIN opened at $456.85 on Friday. The company has a 50 day moving average of $451.18 and a two hundred day moving average of $447.95. The company has a market cap of $219.60 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde plc has a one year low of $361.02 and a one year high of $479.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95, and a quick ratio of 0.80.

Linde (NASDAQ:LIN – Get Your Free Report ) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.30 billion. In the same quarter last year, the company earned $3.57 per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents an annualized dividend of $5.56 and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4. Linde’s payout ratio is 43.13%.

Linde Company Profile

(Free report)

Linde plc operates as an industrial gases company in the Americas, Europe, the Middle East, Africa, Asia and the South Pacific. Provides atmospheric gases including oxygen, nitrogen, argon and rare gases; and process gases such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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