Raymond James & Associates Boosts Holdings in Linde plc (NASDAQ:LIN)

Raymond James & Associates boosted its stake in shares of Linde plc (NASDAQ:LIN) by 0.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 601,963 shares of the basic materials company’s stock after purchasing an additional 178 shares during the period. Raymond James & Associates’ holdings in Linde were worth $287,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LIN. Retirement Group LLC acquired a new stake in Linde during the first quarter valued at $25,000. Summit Securities Group LLC acquired a new position in Linde in the 2nd quarter worth about $28,000. Kozak & Associates Inc. purchased a new position in Linde during the third quarter worth approximately $34,000. Valued Wealth Advisors LLC grew 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 purchasing an additional 24 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Linde in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LIN. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the business’s 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 completion of the transaction, the vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 0.1 %

Shares of LIN stock traded up $0.39 on Friday, hitting $486.45. The stock had a trading volume of 1,255,247 shares, compared to its average volume of 1,832,751. The company’s 50 day moving average price is $469.63 and its 200-day moving average price is $450.66. Linde plc has a 1 year low of $361.02 and a 1 year high of $487.49. The firm has a market capitalization of $232.28 billion, a P/E ratio of 37.02, a P/E/G ratio of 2.99 and a beta of 0.94. 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 released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate 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%. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.57 EPS. Analysts anticipate that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is presently 42.31%.

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.