Linde plc (NASDAQ:LIN) Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,961 shares of the basic materials company’s stock after acquiring an additional 343 shares during the period. Integrated Advisors Network LLC’s holdings in Linde were worth $935,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Retirement Group LLC acquired a new stake in shares of Linde during the first quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of Linde during the second quarter valued at $28,000. Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter valued at $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde during the second quarter valued at $42,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $473.40 on Thursday. The stock’s 50-day moving average is $473.15 and its 200-day moving average is $451.70. The company has a market cap of $226.05 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. Linde plc has a 12 month low of $376.70 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 EPS. Equities analysts anticipate that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.