Linde plc (NASDAQ:LIN) Shares Purchased by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 2.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,254 shares of the basic materials company’s stock after buying an additional 52 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Linde were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LIN. National Bank of Canada FI raised its stake in Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after acquiring an additional 15,393 shares during the period. Vident Advisory LLC raised its position in shares of Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares during the period. Choate Investment Advisors lifted its holdings in shares of Linde by 23.6% in the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after purchasing an additional 3,437 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after purchasing an additional 2,312 shares during the period. Finally, Tidal Investments LLC grew its stake in Linde by 28.7% during the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN stock traded up $3.88 during trading hours on Wednesday, hitting $458.77. 129,501 shares of the stock traded hands, compared to its average volume of 1,825,366. The stock has a 50-day simple moving average of $472.32 and a 200 day simple moving average of $452.04. The company has a market cap of $218.45 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.90 and a beta of 0.94. Linde plc has a one year low of $385.12 and a one year high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the company posted $3.63 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Linde plc will post 15.49 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. Barclays raised their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup raised their price target 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. BMO Capital Markets boosted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America increased their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the 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 completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.