BLB&B Advisors LLC Buys 297 Shares of Linde plc (NASDAQ:LIN)

BLB&B Advisors LLC boosted its position in Linde plc (NASDAQ:LIN) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,477 shares of the basic materials company’s stock after buying an additional 297 shares during the quarter. BLB&B Advisors LLC’s holdings in Linde were worth $8,334,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LIN. Waldron Private Wealth LLC lifted its holdings in shares of Linde by 6.0% during the third quarter. Waldron Private Wealth LLC now owns 2,989 shares of the basic materials company’s stock worth $1,425,000 after buying an additional 169 shares during the last quarter. Eastern Bank acquired a new position in Linde during the 3rd quarter valued at $44,961,000. Signaturefd LLC raised its stake in Linde by 1.3% during the 3rd quarter. Signaturefd LLC now owns 9,663 shares of the basic materials company’s stock valued at $4,608,000 after purchasing an additional 128 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Linde by 6.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,572 shares of the basic materials company’s stock worth $5,518,000 after purchasing an additional 735 shares during the period. Finally, Oakworth Capital Inc. lifted its stake in shares of Linde by 55.8% in the third quarter. Oakworth Capital Inc. now owns 620 shares of the basic materials company’s stock valued at $296,000 after buying an additional 222 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred 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 owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. 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 research note on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Citigroup upped their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America increased their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Down 0.3 %

Linde stock opened at $481.95 on Wednesday. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $487.49. The firm has a market capitalization of $230.13 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.08 and a beta of 0.94. 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’s 50 day simple moving average is $471.01 and its 200 day simple moving average is $450.80.

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 the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same period in the previous year, the firm earned $3.57 EPS. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.15%. Linde’s payout ratio is presently 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.