Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 205 Shares of Linde plc (NASDAQ:LIN)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in Linde plc (NASDAQ:LIN) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,947 shares of the basic materials company’s stock after selling 205 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Linde were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Group LLC purchased a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Linde during the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new position in Linde during the 4th quarter valued at approximately $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the second quarter worth $33,000. Finally, Valued Wealth Advisors LLC lifted 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 worth $34,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction on 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 transaction, 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 accessible through the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group decreased their price objective 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. upped their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a 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. Finally, BMO Capital Markets restated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Trading Down 0.4 %

Shares of Linde stock opened at $475.02 on Wednesday. The firm has a 50-day simple moving average of $462.66 and a two-hundred day simple moving average of $449.63. 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 plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The company has a market cap of $228.33 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

Linde (NASDAQ:LIN) last released 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. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the firm posted $3.57 EPS. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

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.