SRN Advisors LLC Has $945,000 Stock Position in Linde plc (NASDAQ:LIN)

SRN Advisors LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,981 shares of the basic materials company’s stock after selling 78 shares during the quarter. SRN Advisors LLC’s holdings in Linde were worth $945,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Retirement Group LLC acquired a new stake in Linde during the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of Linde during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in Linde during the second quarter valued at approximately $33,000. Valued Wealth Advisors LLC increased its stake in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. Finally, Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $473.76 on Friday. The company has a market cap 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. Linde plc has a 1 year low of $366.12 and a 1 year high of $487.49. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $472.24 and a 200 day simple moving average of $451.19.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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 company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. During the same period in the prior year, the company earned $3.57 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

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 was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is 42.31%.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

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.