Total Clarity Wealth Management Inc. Sells 190 Shares of Linde plc (NASDAQ:LIN)

Total Clarity Wealth Management Inc. trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,988 shares of the basic materials company’s stock after selling 190 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Linde were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LIN. Clearbridge Investments LLC boosted its stake in shares of Linde by 566.9% during the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after purchasing an additional 1,558,538 shares in the last quarter. Swedbank AB bought a new stake in Linde during the 2nd quarter valued at $420,720,000. ProShare Advisors LLC increased its holdings in shares of Linde by 91.6% in the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock valued at $449,648,000 after acquiring an additional 463,096 shares during the period. iA Global Asset Management Inc. bought a new position in shares of Linde in the 1st quarter worth $210,480,000. Finally, Vanguard Group Inc. lifted its stake in shares of Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LIN. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America increased their target price 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. 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, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Up 0.3 %

Linde stock opened at $468.81 on Monday. The stock has a 50-day moving average price of $454.53 and a 200 day moving average price of $448.66. The company has a market capitalization of $223.86 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.91 and a beta of 0.94. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

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 the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.57 EPS. Sell-side analysts anticipate that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.19%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.