Dopkins Wealth Management LLC Boosts Stock Holdings in Linde plc (NASDAQ:LIN)

Dopkins Wealth Management LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 557 shares of the basic materials company’s stock after acquiring an additional 57 shares during the quarter. Dopkins Wealth Management LLC’s holdings in Linde were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Members Trust Co increased its holdings in Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Linde by 1.3% in the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after buying an additional 23 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, CNB Bank increased its holdings in Linde by 2.9% in the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LIN shares. HSBC lowered their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group lowered their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Trading Up 1.2 %

Shares of LIN stock traded up $5.52 during mid-day trading on Friday, reaching $478.25. The company’s stock had a trading volume of 1,385,635 shares, compared to its average volume of 1,899,248. The company’s 50 day simple moving average is $447.57 and its 200-day simple moving average is $445.93. Linde plc has a 12-month low of $361.02 and a 12-month high of $479.79. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $229.88 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94.

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

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) 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.