Linde plc (NASDAQ:LIN) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,876 shares of the basic materials company’s stock after purchasing an additional 73 shares during the quarter. Linde comprises 1.2% of Aviance Capital Partners LLC’s portfolio, making the stock its 14th largest position. Aviance Capital Partners LLC’s holdings in Linde were worth $9,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Summit Securities Group LLC acquired a new stake in Linde in the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the 2nd quarter valued at approximately $33,000. Kozak & Associates Inc. acquired a new stake in Linde in the 3rd quarter valued at approximately $34,000. J.Safra Asset Management Corp acquired a new stake in Linde in the 2nd quarter valued at approximately $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in Linde in the 3rd quarter valued at approximately $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LIN shares. Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on 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 raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Barclays raised their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Linde Trading Down 0.1 %

LIN opened at $448.57 on Tuesday. The firm’s fifty day moving average is $469.79 and its two-hundred day moving average is $453.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market cap of $213.59 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve 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, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. Equities research analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The business 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. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is 42.22%.

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.