Diversify Wealth Management LLC Acquires 63 Shares of Linde plc (NASDAQ:LIN)

Diversify Wealth Management LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,832 shares of the basic materials company’s stock after purchasing an additional 63 shares during the quarter. Diversify Wealth Management LLC’s holdings in Linde were worth $875,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Retirement Group LLC bought a new stake in shares of Linde in the first quarter worth $25,000. Summit Securities Group LLC bought a new stake in Linde during the second quarter worth $28,000. Strategic Financial Concepts LLC bought a new stake in Linde during the second quarter worth $33,000. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth $34,000. Finally, J.Safra Asset Management Corp bought a new stake in Linde during the second quarter worth $42,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Citigroup upped their price target 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. Bank of America upped their price target 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. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Trading Down 0.3 %

LIN stock opened at $473.40 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company’s 50-day simple moving average is $473.15 and its 200 day simple moving average is $451.70. Linde plc has a 52 week low of $376.70 and a 52 week high of $487.49. The company has a market capitalization of $226.05 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is currently 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

About Linde

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.