Western Pacific Wealth Management LP Sells 38 Shares of Linde plc (NASDAQ:LIN)

Western Pacific Wealth Management LP reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231 shares of the basic materials company’s stock after selling 38 shares during the period. Western Pacific Wealth Management LP’s holdings in Linde were worth $110,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Norden Group LLC acquired a new position in Linde during the 1st quarter worth about $315,000. Envestnet Portfolio Solutions Inc. increased its stake in Linde by 4.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 37,838 shares of the basic materials company’s stock worth $17,569,000 after purchasing an additional 1,553 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Linde by 104.9% in the 1st quarter. Quantbot Technologies LP now owns 3,777 shares of the basic materials company’s stock valued at $1,754,000 after purchasing an additional 1,934 shares during the period. Empowered Funds LLC boosted its holdings in Linde by 26.7% during the first quarter. Empowered Funds LLC now owns 6,468 shares of the basic materials company’s stock worth $3,003,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Linde during the first quarter valued at approximately $421,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 0.6 %

Shares of LIN stock opened at $465.47 on Friday. Linde plc has a 12-month low of $389.14 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $472.12 and a 200-day moving average of $452.12. The firm has a market cap of $221.64 billion, a P/E ratio of 35.34, a PEG ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 EPS. Sell-side analysts anticipate that Linde plc will post 15.47 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.19%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on LIN. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.