Legacy Wealth Asset Management LLC Trims Position in Linde plc (NASDAQ:LIN)

Legacy Wealth Asset Management LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,894 shares of the basic materials company’s stock after selling 227 shares during the quarter. Linde makes up about 0.9% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. Legacy Wealth Asset Management LLC’s holdings in Linde were worth $3,287,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LIN. Retirement Group LLC acquired a new stake in shares of Linde during the 1st quarter worth $25,000. Summit Securities Group LLC acquired a new stake in shares of Linde during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the 2nd quarter worth $33,000. Valued Wealth Advisors LLC increased its holdings in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. Finally, Kozak & Associates Inc. acquired a new stake in shares of Linde during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

Shares of Linde stock opened at $473.76 on Friday. The business has a 50-day moving average of $472.24 and a 200-day moving average of $451.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market capitalization of $226.22 billion, a PE ratio of 36.05, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a 1-year low of $366.12 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.06. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.57 earnings per share. As a group, equities analysts forecast that Linde plc will post 15.52 EPS for the current fiscal 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. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s payout ratio is 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LIN. Citigroup upped their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Bank of America upped their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.