Mather Group LLC. Acquires 191 Shares of Linde plc (NASDAQ:LIN)

Mather Group LLC. grew its holdings in Linde plc (NASDAQ:LIN) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,796 shares of the basic materials company’s stock after purchasing an additional 191 shares during the period. Mather Group LLC.’s holdings in Linde were worth $2,287,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Retirement Group LLC purchased a new stake in Linde in the first quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Linde in the 2nd quarter worth $28,000. Scarborough Advisors LLC bought a new stake in shares of Linde in the fourth quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in Linde during the second quarter valued at $33,000. Finally, Valued Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 approximately $8,136,996. The trade was 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. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LIN. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. UBS Group dropped their price target 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. Citigroup upped their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Performance

NASDAQ:LIN opened at $469.44 on Wednesday. The stock has a 50-day moving average price of $464.43 and a 200 day moving average price of $449.71. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36. The stock has a market capitalization of $225.65 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.98 and a beta of 0.94.

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

Linde Dividend Announcement

The business 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. This represents a $5.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 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.