Linde plc (NASDAQ:LIN) Stock Position Raised by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,927 shares of the basic materials company’s stock after buying an additional 199 shares during the period. Linde accounts for approximately 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 14th biggest position. Providence Capital Advisors LLC’s holdings in Linde were worth $8,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Trifecta Capital Advisors LLC increased its stake in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC increased its stake in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its stake in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LIN shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price 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. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 owns 17,584 shares in the company, valued at $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Linde Stock Up 0.1 %

Shares of NASDAQ:LIN opened at $457.12 on Thursday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a 50 day moving average of $467.66 and a 200-day moving average of $454.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

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

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.