Voisard Asset Management Group Inc. Buys 104 Shares of Linde plc (NASDAQ:LIN)

Voisard Asset Management Group Inc. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 1,733.3% during the third quarter, Holdings Channel reports. The firm owned 110 shares of the basic materials company’s stock after purchasing an additional 104 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in Linde were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Retirement Group LLC bought a new position in Linde in the 1st quarter worth $25,000. Summit Securities Group LLC purchased a new position in Linde during the second quarter valued at $28,000. Strategic Financial Concepts LLC purchased a new position in Linde during the second quarter valued at $33,000. Kozak & Associates Inc. purchased a new position in Linde during the third quarter valued at $34,000. Finally, J.Safra Asset Management Corp purchased a new position in Linde during the second quarter valued at $42,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 0.3 %

Shares of LIN stock opened at $473.40 on Thursday. Linde plc has a 12-month low of $376.70 and a 12-month high of $487.49. 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 stock’s 50-day moving average price is $473.15 and its 200-day moving average price is $451.70. The stock has a market capitalization of $226.05 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

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 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 firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the previous year, the firm posted $3.57 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LIN shares. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Bank of America lifted their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 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 seven have issued a buy rating to the stock. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average target price 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.