Linde plc (NASDAQ:LIN) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in Linde plc (NASDAQ:LIN) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 25,832 shares of the basic materials company’s stock after selling 43 shares during the quarter. D.A. Davidson & CO.’s holdings in Linde were worth $12,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Trifecta Capital Advisors LLC raised its holdings in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the last quarter. Prentice Wealth Management LLC raised its holdings in Linde by 1.7% during the third 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 Linde by 0.9% during the third 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. Regent Peak Wealth Advisors LLC raised its holdings in Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Linde by 5.7% during the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several recent research reports. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target 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. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Up 0.2 %

Linde stock opened at $456.60 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company’s fifty day simple moving average is $467.86 and its 200-day simple moving average is $454.00. The stock has a market cap of $217.41 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 EPS. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s 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 completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is 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.