Mount Yale Investment Advisors LLC Cuts Stake in Linde plc (NASDAQ:LIN)

Mount Yale Investment Advisors LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,544 shares of the basic materials company’s stock after selling 482 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Linde were worth $2,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Group LLC bought a new stake in shares of Linde in the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of Linde during the second quarter valued at approximately $28,000. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter worth approximately $34,000. Valued Wealth Advisors LLC increased its stake in shares of Linde by 49.0% in the first 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 period. Finally, J.Safra Asset Management Corp bought a new stake in Linde during the 2nd quarter valued at $42,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup boosted their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the business’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 transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $474.46 on Friday. The stock has a market cap of $226.55 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 3.05 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. Linde plc has a 1 year low of $362.33 and a 1 year high of $487.49. The firm’s 50-day moving average is $471.54 and its 200 day moving average is $450.99.

Linde (NASDAQ:LIN) last announced its quarterly 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.57 earnings per share. Sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

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