Insigneo Advisory Services LLC Lowers Position in Linde plc (NASDAQ:LIN)

Insigneo Advisory Services LLC decreased its position in Linde plc (NASDAQ:LIN) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,844 shares of the basic materials company’s stock after selling 678 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Linde were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. U.S. Capital Wealth Advisors LLC increased its position in shares of Linde by 22.2% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 838 shares of the basic materials company’s stock valued at $368,000 after purchasing an additional 152 shares during the last quarter. OLD National Bancorp IN boosted its stake in Linde by 3.5% in the second quarter. OLD National Bancorp IN now owns 2,436 shares of the basic materials company’s stock valued at $1,069,000 after acquiring an additional 82 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Linde by 109.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 983 shares of the basic materials company’s stock valued at $431,000 after acquiring an additional 513 shares during the period. Mechanics Bank Trust Department increased its stake in shares of Linde by 15.4% during the 2nd quarter. Mechanics Bank Trust Department now owns 1,763 shares of the basic materials company’s stock worth $774,000 after purchasing an additional 235 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of Linde by 7.4% in the 2nd quarter. Czech National Bank now owns 91,606 shares of the basic materials company’s stock worth $40,198,000 after purchasing an additional 6,290 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 trade represents a 36.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

LIN opened at $449.44 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $214.01 billion, a P/E ratio of 34.13, a PEG ratio of 2.94 and a beta of 0.93. The stock has a 50-day moving average price of $465.41 and a 200-day moving average price of $454.93. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $3.63 earnings per share. Equities analysts predict that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $490.75.

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.