Motiv8 Investments LLC Has $651,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Motiv8 Investments LLC increased its position in Linde plc (NASDAQ:LIN) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,484 shares of the basic materials company’s stock after buying an additional 105 shares during the period. Motiv8 Investments LLC’s holdings in Linde were worth $651,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. SVB Wealth LLC boosted its stake in Linde by 284.7% during the 2nd quarter. SVB Wealth LLC now owns 13,310 shares of the basic materials company’s stock valued at $5,841,000 after purchasing an additional 9,850 shares during the last quarter. Chicago Capital LLC boosted its stake in Linde by 7.1% during the 2nd 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 stake in Linde by 43.4% during the 2nd 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 last quarter. Cullen Frost Bankers Inc. boosted its stake in Linde by 9.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 18,055 shares of the basic materials company’s stock valued at $7,923,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Patron Partners LLC boosted its stake in Linde by 3.1% during the 2nd quarter. Patron Partners LLC now owns 1,567 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 47 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $8.67 during mid-day trading on Friday, reaching $456.85. The company had a trading volume of 2,012,129 shares, compared to its average volume of 1,897,746. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $218.15 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.00 and a beta of 0.94. The company’s 50-day moving average price is $451.18 and its 200-day moving average price is $447.87. Linde plc has a one year low of $361.02 and a one year high of $479.79.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (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 analysts’ expectations of $8.30 billion. During the same quarter in the previous 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. As a group, equities research analysts anticipate 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. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Linde 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.