Sei Investments Co. Raises Holdings in Linde plc (NYSE:LIN)

Sei Investments Co. boosted its stake in shares of Linde plc (NYSE:LIN) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,310 shares of the basic materials company’s stock after purchasing an additional 19,968 shares during the quarter. Sei Investments Co.’s holdings in Linde were worth $62,262,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McCollum Christoferson Group LLC boosted its position in shares of Linde by 1.5% during the 1st quarter. McCollum Christoferson Group LLC now owns 28,583 shares of the basic materials company’s stock worth $8,007,000 after acquiring an additional 409 shares in the last quarter. Vigilant Capital Management LLC boosted its position in shares of Linde by 1.1% during the 1st quarter. Vigilant Capital Management LLC now owns 85,588 shares of the basic materials company’s stock worth $23,977,000 after acquiring an additional 925 shares in the last quarter. Azimuth Capital Management LLC acquired a new stake in shares of Linde in the 4th quarter valued at about $6,369,000. Mariner LLC boosted its position in shares of Linde by 4.9% in the 1st quarter. Mariner LLC now owns 11,003 shares of the basic materials company’s stock valued at $3,082,000 after purchasing an additional 518 shares during the period. Finally, Fiera Capital Corp boosted its position in shares of Linde by 0.9% in the 4th quarter. Fiera Capital Corp now owns 947,944 shares of the basic materials company’s stock valued at $249,793,000 after purchasing an additional 8,188 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Barclays upped their target price on Linde from $285.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 7th. Berenberg Bank reissued a “buy” rating on shares of Linde in a research report on Tuesday, May 11th. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, May 7th. Wells Fargo & Company upped their price objective on Linde from $311.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 11th. Finally, Wolfe Research assumed coverage on Linde in a research note on Wednesday. They set a “market perform” rating for the company. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $314.12.

Shares of LIN stock opened at $290.33 on Friday. The stock has a market cap of $150.98 billion, a P/E ratio of 52.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The stock’s 50 day simple moving average is $292.69. Linde plc has a 12-month low of $197.26 and a 12-month high of $305.71. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.21.

Linde (NYSE:LIN) last issued its earnings results on Thursday, May 6th. The basic materials company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.23. Linde had a return on equity of 9.66% and a net margin of 10.48%. Analysts expect that Linde plc will post 10.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Thursday, June 3rd will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 2nd. Linde’s payout ratio is currently 51.52%.

Linde Company Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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