Delap Wealth Advisory LLC Purchases 94 Shares of Linde plc (NASDAQ:LIN)

Delap Wealth Advisory LLC lifted its position in Linde plc (NASDAQ:LIN) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 853 shares of the basic materials company’s stock after buying an additional 94 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Linde were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Group LLC bought a new position in Linde during the first quarter worth $25,000. Summit Securities Group LLC bought a new position in Linde during the second quarter worth $28,000. Scarborough Advisors LLC bought a new position in Linde during the fourth quarter worth $30,000. Valued Wealth Advisors LLC boosted its position in Linde by 49.0% during the first 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 period. Finally, Johnson Financial Group Inc. boosted its position in Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on LIN shares. Bank of America lifted their price objective 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. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Up 0.6 %

Shares of NASDAQ LIN opened at $471.91 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market cap of $226.84 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 2.97 and a beta of 0.94. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79. The stock has a 50-day moving average price of $458.07 and a two-hundred day moving average price of $449.30.

Linde (NASDAQ:LIN) last issued 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. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.57 earnings per share. As a group, analysts forecast that Linde plc will post 15.54 earnings per share for the current fiscal 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 dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

Insider Transactions at Linde

In other 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.