Independent Advisor Alliance Sells 341 Shares of Linde plc (NASDAQ:LIN)

Independent Advisor Alliance decreased its stake in shares of Linde plc (NASDAQ:LIN) by 1.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,562 shares of the basic materials company’s stock after selling 341 shares during the period. Independent Advisor Alliance’s holdings in Linde were worth $8,375,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LIN. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter worth approximately $28,000. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in shares of Linde during the third quarter valued at approximately $43,000. J.Safra Asset Management Corp bought a new position in shares of Linde during the second quarter valued at approximately $42,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.1 %

NASDAQ:LIN opened at $454.78 on Monday. The company has a 50 day simple moving average of $468.54 and a two-hundred day simple moving average of $453.66. The company has a market cap of $216.55 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.91 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the company earned $3.63 earnings per share. Linde’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of brokerages have issued reports on LIN. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% 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.