DeDora Capital Inc. Lowers Stock Position in Linde plc (NASDAQ:LIN)

DeDora Capital Inc. reduced its stake in shares of Linde plc (NASDAQ:LIN) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,373 shares of the basic materials company’s stock after selling 34 shares during the period. DeDora Capital Inc.’s holdings in Linde were worth $2,086,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LIN. Retirement Group LLC acquired a new stake in shares of Linde in the 1st quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in Linde during the second quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the second quarter worth about $33,000. Valued Wealth Advisors LLC raised its stake in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the period. Finally, Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth about $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. Bank of America raised their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased 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. Finally, Citigroup increased their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Down 0.7 %

Shares of Linde stock traded down $3.51 during trading on Tuesday, hitting $479.85. 96,576 shares of the company were exchanged, compared to its average volume of 1,820,480. The firm has a market capitalization of $229.13 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year high of $487.49. The firm’s fifty day moving average price is $470.37 and its 200 day moving average price is $450.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

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, beating the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.57 EPS. As a group, sell-side analysts expect that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is presently 42.31%.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

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.