Good Life Advisors LLC Purchases New Position in Linde plc (NASDAQ:LIN)

Good Life Advisors LLC purchased a new stake in Linde plc (NASDAQ:LIN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 534 shares of the basic materials company’s stock, valued at approximately $255,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Naviter Wealth LLC grew its stake in Linde by 3.3% in the third quarter. Naviter Wealth LLC now owns 6,778 shares of the basic materials company’s stock worth $3,232,000 after purchasing an additional 214 shares in the last quarter. Kowal Investment Group LLC acquired a new position in Linde in the third quarter worth about $211,000. Cornerstone Wealth Management LLC grew its stake in Linde by 4.1% in the third quarter. Cornerstone Wealth Management LLC now owns 8,773 shares of the basic materials company’s stock worth $4,183,000 after purchasing an additional 345 shares in the last quarter. SPC Financial Inc. acquired a new position in Linde in the third quarter worth about $212,000. Finally, AAFMAA Wealth Management & Trust LLC grew its stake in Linde by 2.5% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 5,060 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 124 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

NASDAQ LIN opened at $486.45 on Monday. Linde plc has a 12 month low of $361.02 and a 12 month high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market capitalization of $233.82 billion, a PE ratio of 37.74, a P/E/G ratio of 2.99 and a beta of 0.94. The company’s 50 day simple moving average is $469.63 and its 200 day simple moving average is $450.50.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 earnings per share. As a group, equities research analysts forecast that Linde plc will post 15.54 EPS 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 issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.14%. Linde’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. 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 raised their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Finally, UBS Group cut their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.