McKinley Carter Wealth Services Inc. Acquires 107 Shares of Linde plc (NASDAQ:LIN)

McKinley Carter Wealth Services Inc. grew its holdings in Linde plc (NASDAQ:LIN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,582 shares of the basic materials company’s stock after acquiring an additional 107 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Linde were worth $8,384,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Retirement Group LLC acquired a new stake in Linde in the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in shares of Linde in the fourth quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the second quarter worth $33,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ LIN traded up $0.21 during trading hours on Wednesday, reaching $480.92. The stock had a trading volume of 189,489 shares, compared to its average volume of 1,834,441. The company has a market cap of $231.17 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.94 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36. The business’s fifty day moving average is $467.23 and its two-hundred day moving average is $450.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the company posted $3.57 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date 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 presently 43.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on LIN shares. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Insider Activity at Linde

In other Linde 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 transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares in the company, 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 SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Linde Company 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.