Parcion Private Wealth LLC Increases Stock Holdings in Linde plc (NASDAQ:LIN)

Parcion Private Wealth LLC increased its position in Linde plc (NASDAQ:LIN) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,406 shares of the basic materials company’s stock after acquiring an additional 802 shares during the quarter. Parcion Private Wealth LLC’s holdings in Linde were worth $7,346,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LIN. Retirement Group LLC purchased a new stake in shares of Linde in the 1st quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter worth approximately $28,000. Kozak & Associates Inc. purchased a new stake in Linde in the third quarter valued at approximately $34,000. Valued Wealth Advisors LLC lifted its position in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in Linde in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.1 %

NASDAQ:LIN opened at $473.76 on Friday. The firm has a market capitalization 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 quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $472.24 and a 200 day moving average of $451.24. Linde plc has a 52 week low of $366.12 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 earnings per share. On average, research analysts predict that Linde plc will post 15.52 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the firm’s 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 of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

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.