Linde plc (NASDAQ:LIN) Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC increased its holdings in Linde plc (NASDAQ:LIN) by 26.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,931 shares of the basic materials company’s stock after buying an additional 613 shares during the period. Resonant Capital Advisors LLC’s holdings in Linde were worth $1,398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Veracity Capital LLC boosted its position in Linde by 2.9% during the 3rd quarter. Veracity Capital LLC now owns 2,552 shares of the basic materials company’s stock valued at $1,217,000 after purchasing an additional 72 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in Linde by 2.4% in the third quarter. Wealth Alliance Advisory Group LLC now owns 2,221 shares of the basic materials company’s stock valued at $1,059,000 after buying an additional 52 shares during the last quarter. AA Financial Advisors LLC boosted its holdings in shares of Linde by 5.7% during the third quarter. AA Financial Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $739,000 after acquiring an additional 84 shares during the period. Chicago Capital LLC grew its position in shares of Linde by 4.7% during the third quarter. Chicago Capital LLC now owns 29,345 shares of the basic materials company’s stock worth $13,993,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Everett Harris & Co. CA increased its holdings in shares of Linde by 6.3% in the 3rd quarter. Everett Harris & Co. CA now owns 1,690 shares of the basic materials company’s stock worth $806,000 after acquiring an additional 100 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the company’s 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $486.45 on Friday. Linde plc has a twelve month low of $361.02 and a twelve month high of $487.49. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $469.63 and a two-hundred day moving average of $450.58. The company has a market capitalization of $233.82 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.99 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.57 earnings per share. As a group, analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed 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. This represents a $5.56 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.