Trueblood Wealth Management LLC Boosts Stake in Linde plc (NASDAQ:LIN)

Trueblood Wealth Management LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,675 shares of the basic materials company’s stock after acquiring an additional 54 shares during the period. Linde comprises about 0.9% of Trueblood Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Trueblood Wealth Management LLC’s holdings in Linde were worth $1,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC grew its stake in shares of Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after buying an additional 1,558,538 shares during the last quarter. Swedbank AB purchased a new stake in shares of Linde in the 2nd quarter worth approximately $420,720,000. International Assets Investment Management LLC grew its stake in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after buying an additional 934,123 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Linde by 91.6% in the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after buying an additional 463,096 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Linde in the 1st quarter worth approximately $210,480,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

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 value of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Linde Price Performance

Shares of Linde stock opened at $473.76 on Friday. Linde plc has a one year low of $366.12 and a one year high of $487.49. The stock’s fifty day moving average is $472.24 and its 200 day moving average is $451.24. The stock has a market cap of $226.22 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.05 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.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping 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 company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the firm earned $3.57 EPS. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. Linde’s dividend payout ratio is currently 42.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on LIN shares. UBS Group lowered their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Bank of America upped their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average price target of $484.18.

About Linde

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.