Axiom Advisory LLC Buys 383 Shares of Linde plc (NASDAQ:LIN)

Axiom Advisory LLC boosted its position in Linde plc (NASDAQ:LIN) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,832 shares of the basic materials company’s stock after purchasing an additional 383 shares during the period. Axiom Advisory LLC’s holdings in Linde were worth $7,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Regent Peak Wealth Advisors LLC increased its stake in shares of Linde by 1.3% during 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 purchasing an additional 23 shares in the last quarter. Prentice Wealth Management LLC boosted its stake in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares in the last quarter. Valued Wealth Advisors LLC grew its position in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. CNB Bank grew its position in Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 24 shares during the last quarter. Finally, Nwam LLC increased its stake in Linde by 2.5% during the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Price Performance

Shares of NASDAQ:LIN opened at $463.24 on Tuesday. The firm’s 50 day moving average price is $464.17 and its 200-day moving average price is $449.73. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $221.20 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36.

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 the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.57 EPS. Equities research analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

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 shares were 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 directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

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.