Linde plc (NASDAQ:LIN) Stake Raised by TSA Wealth Managment LLC

TSA Wealth Managment LLC increased its holdings in Linde plc (NASDAQ:LIN) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769 shares of the basic materials company’s stock after buying an additional 50 shares during the quarter. TSA Wealth Managment LLC’s holdings in Linde were worth $367,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Linde in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the second quarter worth approximately $33,000. Kozak & Associates Inc. bought a new position in Linde during the 3rd quarter valued at $34,000. J.Safra Asset Management Corp acquired a new position in shares of Linde during the 2nd quarter valued at $42,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Linde during the 3rd quarter valued at $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Down 1.0 %

LIN stock opened at $449.10 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a 50-day moving average of $470.08 and a two-hundred day moving average of $452.64. The stock has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.63 EPS. As a group, equities research analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. Linde’s payout ratio is 42.22%.

Analyst Ratings Changes

Several brokerages recently weighed in on LIN. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the company’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 value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.

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.