Plancorp LLC Purchases 38 Shares of Linde plc (NASDAQ:LIN)

Plancorp LLC boosted its position in Linde plc (NASDAQ:LIN) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133 shares of the basic materials company’s stock after purchasing an additional 38 shares during the quarter. Plancorp LLC’s holdings in Linde were worth $497,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after purchasing an additional 141,322 shares during the period. Douglass Winthrop Advisors LLC increased its stake in Linde by 2.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after acquiring an additional 104 shares during the period. Portfolio Design Labs LLC acquired a new position in Linde in the 4th quarter valued at $1,897,000. Cloverfields Capital Group LP acquired a new position in Linde in the 4th quarter valued at $718,000. Finally, National Bank of Canada FI lifted its position in shares of Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Down 0.7 %

Shares of NASDAQ:LIN opened at $471.66 on Wednesday. Linde plc has a 52-week low of $361.02 and a 52-week high of $479.79. The company has a market capitalization of $226.72 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company has a fifty day moving average of $456.12 and a 200-day moving average of $449.00.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the firm earned $3.57 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.18%. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LIN. Bank of America boosted 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. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Citigroup boosted their price objective 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. Finally, UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.