Wesbanco Bank Inc. Acquires 628 Shares of Linde plc (NASDAQ:LIN)

Wesbanco Bank Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 2.9% in the third quarter, Holdings Channel reports. The firm owned 22,187 shares of the basic materials company’s stock after purchasing an additional 628 shares during the quarter. Wesbanco Bank Inc.’s holdings in Linde were worth $10,580,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LIN. Integrated Advisors Network LLC lifted its position in shares of Linde by 3.6% during the 4th quarter. Integrated Advisors Network LLC now owns 1,907 shares of the basic materials company’s stock worth $783,000 after buying an additional 67 shares during the period. Scarborough Advisors LLC acquired a new position in Linde during the fourth quarter worth $30,000. Fisher Asset Management LLC raised its stake in Linde by 28.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,318 shares of the basic materials company’s stock worth $541,000 after acquiring an additional 288 shares in the last quarter. MONECO Advisors LLC lifted its holdings in shares of Linde by 19.2% during the fourth quarter. MONECO Advisors LLC now owns 682 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 110 shares during the period. Finally, Leo Wealth LLC acquired a new stake in shares of Linde in the 4th quarter valued at $373,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

Shares of LIN opened at $477.58 on Tuesday. The stock has a market cap of $229.56 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year high of $483.36. The stock’s 50-day moving average price is $466.53 and its two-hundred day moving average price is $449.90. 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 (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping 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 business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the firm earned $3.57 EPS. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict 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. Investors 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 1.16%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Linde 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 completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Bank of America boosted their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

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.