Linde plc (NASDAQ:LIN) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lowered its stake in Linde plc (NASDAQ:LIN) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 598 shares of the basic materials company’s stock after selling 80 shares during the quarter. Everpar Advisors LLC’s holdings in Linde were worth $285,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Retirement Group LLC acquired a new stake in shares of Linde in the first quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in Linde during the 4th quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the 2nd quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC grew its stake 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 in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Linde Trading Down 1.1 %

Shares of NASDAQ LIN opened at $463.24 on Tuesday. The company has a market cap of $221.20 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36. 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 stock’s 50 day simple moving average is $464.17 and its 200 day simple moving average is $449.73.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) 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 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 revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $3.57 EPS. Equities research analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 target price on shares of Linde in a report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average target price of $484.18.

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.