Integrated Wealth Concepts LLC Has $3.48 Million Stake in Linde plc (NASDAQ:LIN)

Integrated Wealth Concepts LLC lifted its stake in Linde plc (NASDAQ:LIN) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,288 shares of the basic materials company’s stock after acquiring an additional 106 shares during the period. Integrated Wealth Concepts LLC’s holdings in Linde were worth $3,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Investment Management Corp of Ontario boosted its holdings in Linde by 175.2% during the third quarter. Investment Management Corp of Ontario now owns 29,547 shares of the basic materials company’s stock valued at $14,090,000 after acquiring an additional 18,809 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Linde by 100.0% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 462 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 231 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in Linde by 3,538.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 16,993 shares of the basic materials company’s stock valued at $8,103,000 after purchasing an additional 16,526 shares during the period. Holocene Advisors LP grew its holdings in Linde by 11.1% in the 3rd quarter. Holocene Advisors LP now owns 91,908 shares of the basic materials company’s stock valued at $43,827,000 after buying an additional 9,213 shares during the last quarter. Finally, Ascent Group LLC increased its position in Linde by 53.4% in the 3rd quarter. Ascent Group LLC now owns 9,746 shares of the basic materials company’s stock worth $4,647,000 after buying an additional 3,392 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the 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 $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Price Performance

Shares of LIN stock opened at $448.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock’s fifty day simple moving average is $465.41 and its 200 day simple moving average is $454.93. Linde plc has a one year low of $396.07 and a one year high of $487.49. The firm has a market cap of $213.60 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 2.93 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.63 EPS. On average, analysts expect that Linde plc will post 15.48 earnings per share 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 paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 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.