Cornerstone Wealth Group LLC Has $263,000 Stake in Linde plc (NASDAQ:LIN)

Cornerstone Wealth Group LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 551 shares of the basic materials company’s stock after buying an additional 36 shares during the period. Cornerstone Wealth Group LLC’s holdings in Linde were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Group LLC acquired a new position in shares of Linde in the first quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Linde in the second quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde in the second quarter valued at $33,000. Kozak & Associates Inc. acquired a new position in shares of Linde in the third quarter valued at $34,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Linde in the second quarter valued at $42,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LIN. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Bank of America upped their price target 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. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling

In other Linde 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 transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Stock Down 3.6 %

LIN stock opened at $456.15 on Friday. The stock has a market capitalization of $217.81 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. 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 12 month low of $376.70 and a 12 month high of $487.49. The firm has a 50-day moving average price of $473.04 and a 200-day moving average price of $451.73.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $3.57 EPS. As a group, equities research analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.31%.

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.