Asset Dedication LLC Acquires 297 Shares of Linde plc (NASDAQ:LIN)

Asset Dedication LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,568 shares of the basic materials company’s stock after acquiring an additional 297 shares during the quarter. Asset Dedication LLC’s holdings in Linde were worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LIN. Retirement Group LLC purchased a new stake in Linde in the first quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of Linde during the 2nd quarter valued at $28,000. Scarborough Advisors LLC bought a new stake in shares of Linde during the 4th quarter worth $30,000. Strategic Financial Concepts LLC purchased a new position in Linde in the second quarter worth $33,000. Finally, Valued Wealth Advisors LLC increased its stake in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $483.98 on Thursday. Linde plc has a 1-year low of $361.02 and a 1-year high of $485.32. The firm has a market cap of $232.64 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $468.07 and a 200-day moving average of $450.25.

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 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 last year, the business posted $3.57 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LIN shares. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Finally, UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.