Carolinas Wealth Consulting LLC Has $96,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Carolinas Wealth Consulting LLC lowered its stake in Linde plc (NASDAQ:LIN) by 31.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220 shares of the basic materials company’s stock after selling 103 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Linde were worth $96,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Members Trust Co raised its stake in shares of Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Linde by 1.3% in the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after acquiring an additional 23 shares during the last quarter. Johnson Financial Group Inc. grew its position in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Valued Wealth Advisors LLC increased its stake in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Finally, CNB Bank raised its holdings in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LIN shares. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report 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 report on Friday, August 30th. Finally, UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Down 1.0 %

Linde stock opened at $467.03 on Thursday. The stock has a market cap of $224.49 billion, a P/E ratio of 36.23, a PEG ratio of 2.93 and a beta of 0.94. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $479.79. The firm’s fifty day moving average price is $456.76 and its 200-day moving average price is $449.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last posted its 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. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the previous year, the business earned $3.57 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.19%. Linde’s dividend payout ratio is presently 43.13%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

About Linde

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.