Gateway Investment Advisers LLC Sells 73 Shares of Linde plc (NASDAQ:LIN)

Gateway Investment Advisers LLC lessened its stake in Linde plc (NASDAQ:LIN) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,421 shares of the basic materials company’s stock after selling 73 shares during the period. Gateway Investment Advisers LLC’s holdings in Linde were worth $14,030,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LIN. Retirement Group LLC purchased a new stake in shares of Linde during the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in Linde in the 2nd quarter worth $28,000. Scarborough Advisors LLC purchased a new position in shares of Linde in the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC raised its stake in shares of Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Linde during the second quarter worth about $42,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by company insiders.

Linde Stock Up 1.0 %

Shares of NASDAQ LIN traded up $4.62 on Friday, reaching $474.04. 1,105,320 shares of the company’s stock traded hands, compared to its average volume of 1,848,451. The business’s 50 day simple moving average is $465.85 and its two-hundred day simple moving average is $450.04. Linde plc has a 12 month low of $361.02 and a 12 month high of $483.36. The company has a market cap of $227.86 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

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 return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared 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. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Citigroup upped their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.