Confluence Wealth Services Inc. Sells 717 Shares of Linde plc (NASDAQ:LIN)

Confluence Wealth Services Inc. reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,932 shares of the basic materials company’s stock after selling 717 shares during the period. Confluence Wealth Services Inc.’s holdings in Linde were worth $921,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 21 shares during the period. Prentice Wealth Management LLC boosted its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC raised its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the period. Finally, Nwam LLC raised its stake in Linde by 2.5% during the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research reports. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group cut their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Bank of America upped 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. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup upped their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Up 0.3 %

NASDAQ:LIN opened at $457.31 on Monday. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a twelve month low of $385.12 and a twelve month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $472.87 and a 200-day simple moving average of $451.90.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $3.63 EPS. Analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. 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.