Wealth Alliance Advisory Group LLC Boosts Stock Position in Linde plc (NASDAQ:LIN)

Wealth Alliance Advisory Group LLC raised its position in Linde plc (NASDAQ:LIN) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,221 shares of the basic materials company’s stock after acquiring an additional 52 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Linde were worth $1,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after acquiring an additional 405,952 shares in the last quarter. Ameriprise Financial Inc. raised its position in Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after purchasing an additional 15,187 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after buying an additional 218,746 shares during the period. Clearbridge Investments LLC grew its position in shares of Linde by 8.7% during the second quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock worth $874,908,000 after buying an additional 160,355 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Linde by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after buying an additional 23,155 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LIN shares. Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. lifted 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. Finally, UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Stock Up 0.1 %

Linde stock opened at $486.45 on Friday. The stock has a 50-day simple moving average of $469.63 and a 200-day simple moving average of $450.58. The company has a market capitalization of $233.82 billion, a P/E ratio of 37.74, a PEG ratio of 2.99 and a beta of 0.94. 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 $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The company 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.57 earnings per share. Equities research analysts expect that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Linde 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.