Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 24.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,744 shares of the basic materials company’s stock after buying an additional 1,135 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Linde were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Meadowbrook Advisors Group LLC increased its stake in shares of Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after acquiring an additional 21 shares during the last quarter. Blalock Williams LLC lifted its holdings in shares of Linde by 4.5% during the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after acquiring an additional 22 shares during the period. Mutual Advisors LLC boosted its position in shares of Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 22 shares during the last quarter. Binnacle Investments Inc boosted its position in shares of Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 22 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA grew its holdings in Linde by 3.3% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 23 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Price Performance
Shares of NASDAQ:LIN opened at $512.15 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87. The stock has a market capitalization of $236.79 billion, a P/E ratio of 34.01, a PEG ratio of 3.21 and a beta of 0.72. The stock has a 50-day simple moving average of $506.46 and a 200-day simple moving average of $475.75.
Linde Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $1.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio is presently 42.50%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on LIN. Seaport Research Partners upped their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada lifted their price target on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus target price of $541.91.
Read Our Latest Stock Report on LIN
Linde Company Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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