Linde plc (NASDAQ:LIN) Holdings Lowered by BlueSky Wealth Advisors LLC

BlueSky Wealth Advisors LLC trimmed its stake in shares of Linde plc (NASDAQ:LIN) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501 shares of the basic materials company’s stock after selling 40 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in Linde were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares in the last quarter. Prentice Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 23 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. Finally, CNB Bank raised its holdings in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 0.7 %

Linde stock opened at $477.58 on Tuesday. The firm has a market cap of $229.56 billion, a PE ratio of 37.05, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The firm’s 50 day moving average price is $466.53 and its two-hundred day moving average price is $449.90. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36.

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 firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 EPS. On average, research analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.16%. Linde’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analyst Weigh In

A number of analysts recently commented on LIN shares. JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, Citigroup boosted their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six equities research 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, the company has an average rating of “Moderate Buy” and an average target price of $484.18.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction on 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company 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.