Linde plc (NASDAQ:LIN) Shares Bought by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA lifted its stake in shares of Linde plc (NASDAQ:LIN) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,050 shares of the basic materials company’s stock after buying an additional 30 shares during the quarter. Orleans Capital Management Corp LA’s holdings in Linde were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Cetera Investment Advisers increased its holdings in Linde by 4.6% in the second quarter. Cetera Investment Advisers now owns 51,244 shares of the basic materials company’s stock valued at $22,487,000 after buying an additional 2,231 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new position in shares of Linde in the 2nd quarter worth approximately $205,000. EP Wealth Advisors LLC increased its holdings in shares of Linde by 5.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,463 shares of the basic materials company’s stock valued at $1,081,000 after acquiring an additional 124 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Linde during the 2nd quarter valued at approximately $13,511,000. Finally, William B. Walkup & Associates Inc. bought a new position in Linde during the second quarter worth $88,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

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 shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIN. UBS Group lowered their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective 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. 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. Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Down 0.6 %

Shares of LIN stock opened at $476.86 on Tuesday. Linde plc has a 1 year low of $361.02 and a 1 year high of $483.36. The firm has a market capitalization of $229.22 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The stock has a fifty day moving average of $462.10 and a two-hundred day moving average of $449.58. 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 issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.57 EPS. As a group, research analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

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.