Waldron Private Wealth LLC Increases Stock Holdings in Linde plc (NASDAQ:LIN)

Waldron Private Wealth LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,989 shares of the basic materials company’s stock after purchasing an additional 169 shares during the quarter. Waldron Private Wealth LLC’s holdings in Linde were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Fisher Asset Management LLC boosted its stake in shares of Linde by 28.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,318 shares of the basic materials company’s stock worth $541,000 after acquiring an additional 288 shares during the period. Fermata Advisors LLC grew its position in Linde by 17.6% in the 1st quarter. Fermata Advisors LLC now owns 788 shares of the basic materials company’s stock valued at $366,000 after acquiring an additional 118 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Linde by 13.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,569 shares of the basic materials company’s stock worth $2,121,000 after acquiring an additional 546 shares during the period. DLK Investment Management LLC lifted its holdings in shares of Linde by 0.6% in the 1st quarter. DLK Investment Management LLC now owns 7,586 shares of the basic materials company’s stock worth $3,522,000 after buying an additional 47 shares during the period. Finally, Exchange Bank bought a new position in Linde during the 1st quarter worth about $222,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

LIN traded down $1.60 during trading hours on Tuesday, hitting $481.76. 545,296 shares of the stock were exchanged, compared to its average volume of 1,822,402. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a 50-day simple moving average of $470.37 and a 200-day simple moving average of $450.68. Linde plc has a 12 month low of $361.02 and a 12 month high of $487.49. The stock has a market cap of $230.04 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Analysts Set New Price Targets

LIN has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Linde presently has an average 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.