Chartwell Investment Partners LLC Acquires 3,580 Shares of Linde PLC (NYSE:LIN)
Chartwell Investment Partners LLC boosted its holdings in shares of Linde PLC (NYSE:LIN) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,520 shares of the basic materials company’s stock after purchasing an additional 3,580 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Linde were worth $6,474,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. First Trust Advisors LP increased its holdings in Linde by 450.4% during the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after purchasing an additional 12,003 shares in the last quarter. Man Group plc boosted its position in Linde by 247.1% in the 4th quarter. Man Group plc now owns 33,730 shares of the basic materials company’s stock valued at $7,181,000 after buying an additional 24,011 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Linde by 4.2% in the 4th quarter. Sunbelt Securities Inc. now owns 1,428 shares of the basic materials company’s stock valued at $304,000 after buying an additional 58 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Linde by 9,884.2% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,897 shares of the basic materials company’s stock valued at $327,000 after buying an additional 1,878 shares during the last quarter. Finally, Woodstock Corp boosted its position in Linde by 6.1% in the 1st quarter. Woodstock Corp now owns 2,538 shares of the basic materials company’s stock valued at $439,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.
Shares of NYSE:LIN traded up $3.09 during trading on Friday, reaching $245.11. 2,755,384 shares of the stock were exchanged, compared to its average volume of 1,901,530. Linde PLC has a 12 month low of $146.71 and a 12 month high of $248.88. The firm has a market cap of $128.73 billion, a PE ratio of 57.87, a PEG ratio of 2.86 and a beta of 0.72. The stock has a 50-day moving average price of $222.96 and a 200-day moving average price of $200.90. The company has a current ratio of 0.80, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a $0.963 dividend. This represents a $3.85 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, September 2nd. Linde’s dividend payout ratio (DPR) is currently 52.45%.
A number of brokerages have commented on LIN. BMO Capital Markets increased their price objective on Linde from $217.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Argus upgraded Linde from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a research report on Tuesday, May 26th. Norddeutsche Landesbank reiterated a “hold” rating on shares of Linde in a research report on Thursday, May 14th. UBS Group raised their price target on Linde from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Wednesday, May 13th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $226.24.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
Further Reading: How to calculate the intrinsic value of a stock
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