Brighton Jones LLC Purchases 75 Shares of Linde plc (NASDAQ:LIN)

Brighton Jones LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,299 shares of the basic materials company’s stock after acquiring an additional 75 shares during the period. Brighton Jones LLC’s holdings in Linde were worth $570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Members Trust Co grew its stake in shares of Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after buying an additional 23 shares during the period. Johnson Financial Group Inc. grew its position in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after buying an additional 24 shares during the last quarter. Valued Wealth Advisors LLC increased its stake in shares of Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. Finally, CNB Bank raised its position in shares of Linde by 2.9% during the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LIN. Barclays upped their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Price Performance

LIN stock opened at $471.91 on Friday. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79. The stock has a market capitalization of $226.84 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94. The company’s 50-day moving average is $458.07 and its 200-day moving average is $449.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during 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 company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.57 earnings per share. Equities research analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.18%. Linde’s payout ratio is 43.13%.

Insider Buying and Selling 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 shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Company 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.