TIAA Trust National Association Buys 749 Shares of Linde plc (NASDAQ:LIN)

TIAA Trust National Association increased its stake in shares of Linde plc (NASDAQ:LIN) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,665 shares of the basic materials company’s stock after buying an additional 749 shares during the period. TIAA Trust National Association’s holdings in Linde were worth $14,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Price T Rowe Associates Inc. MD boosted its holdings in Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the period. Douglass Winthrop Advisors LLC raised its position in shares of Linde by 2.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock valued at $2,168,000 after buying an additional 104 shares in the last quarter. Portfolio Design Labs LLC acquired a new position in shares of Linde in the 4th quarter valued at approximately $1,897,000. Cloverfields Capital Group LP acquired a new position in shares of Linde in the 4th quarter valued at approximately $718,000. Finally, McKinley Carter Wealth Services Inc. raised its position in shares of Linde by 17.9% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 16,157 shares of the basic materials company’s stock valued at $6,636,000 after buying an additional 2,448 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.9 %

LIN opened at $474.05 on Wednesday. Linde plc has a twelve month low of $361.02 and a twelve 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 company has a fifty day moving average of $449.64 and a 200-day moving average of $447.39. The stock has a market cap of $227.86 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the company posted $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

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 given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

Several brokerages have recently commented on LIN. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their price objective 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. Finally, Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.