Rehmann Capital Advisory Group Has $1.28 Million Holdings in Linde plc (NASDAQ:LIN)

Rehmann Capital Advisory Group boosted its holdings in Linde plc (NASDAQ:LIN) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 2,765 shares of the basic materials company’s stock after purchasing an additional 67 shares during the period. Rehmann Capital Advisory Group’s holdings in Linde were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LIN. Retirement Group LLC bought a new position in shares of Linde in the first quarter worth $25,000. First Pacific Financial acquired a new stake in Linde in the first quarter valued at about $30,000. Scarborough Advisors LLC acquired a new stake in Linde in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. boosted its stake 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. Finally, Addison Advisors LLC boosted its stake in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets cut their price target on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company lifted their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho lifted their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, HSBC lowered their target price on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $465.92.

Linde Stock Up 0.9 %

Shares of NASDAQ LIN traded up $4.05 during mid-day trading on Wednesday, hitting $435.25. 598,681 shares of the stock traded hands, compared to its average volume of 2,031,781. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a 52 week low of $361.02 and a 52 week high of $477.71. The company has a market cap of $209.22 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.73 and a beta of 0.93. The stock has a fifty day moving average price of $434.08 and a 200-day moving average price of $435.24.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period in the previous year, the company posted $3.42 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Research analysts anticipate that Linde plc will post 15.51 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s payout ratio is 43.13%.

About Linde

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.