Providence Capital Advisors LLC Has $8.07 Million Holdings in Linde plc (NASDAQ:LIN)

Providence Capital Advisors LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,927 shares of the basic materials company’s stock after acquiring an additional 199 shares during the period. Linde accounts for approximately 1.6% of Providence Capital Advisors LLC’s portfolio, making the stock its 14th biggest position. Providence Capital Advisors LLC’s holdings in Linde were worth $8,072,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Linde by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after acquiring an additional 1,564 shares in the last quarter. Waverton Investment Management Ltd raised its position in Linde by 0.9% during the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after acquiring an additional 1,811 shares in the last quarter. M&G Plc raised its position in Linde by 1.2% during the second quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock worth $81,611,000 after acquiring an additional 2,252 shares in the last quarter. Finally, M&G PLC raised its position in Linde by 2.5% during the third quarter. M&G PLC now owns 190,615 shares of the basic materials company’s stock worth $90,923,000 after acquiring an additional 4,712 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the firm’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 value of $4,639,068.75. Following the sale, the vice president now directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

NASDAQ:LIN opened at $457.12 on Thursday. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The firm has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.92 and a beta of 0.94. The firm’s 50-day simple moving average is $467.66 and its 200 day simple moving average is $454.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

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

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s payout ratio is 42.22%.

Analyst Ratings Changes

Several analysts have issued reports on LIN shares. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target 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.