Annex Advisory Services LLC Has $28.02 Million Stake in Linde plc (NASDAQ:LIN)

Annex Advisory Services LLC raised its stake in Linde plc (NASDAQ:LIN) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,760 shares of the basic materials company’s stock after purchasing an additional 5,032 shares during the quarter. Linde accounts for about 0.9% of Annex Advisory Services LLC’s portfolio, making the stock its 25th biggest position. Annex Advisory Services LLC’s holdings in Linde were worth $28,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of LIN. Retirement Group LLC purchased a new position in Linde during the first quarter worth about $25,000. Summit Securities Group LLC bought a new position in shares of Linde during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC purchased a new position in shares of Linde in the 4th quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the second quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC grew its holdings in shares of Linde by 49.0% in 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 in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred 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 approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Linde Stock Up 1.0 %

Linde stock opened at $474.04 on Friday. The firm has a 50 day simple moving average of $465.85 and a 200 day simple moving average of $449.92. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $361.02 and a 1-year high of $483.36. The firm has a market capitalization of $227.86 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly 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 firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same period last year, the company earned $3.57 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 is presently 43.13%.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their price objective 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. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.