Linde plc (NASDAQ:LIN) Shares Sold by Proficio Capital Partners LLC

Proficio Capital Partners LLC cut its holdings in shares of Linde plc (NASDAQ:LIN) by 21.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,941 shares of the basic materials company’s stock after selling 544 shares during the quarter. Proficio Capital Partners LLC’s holdings in Linde were worth $926,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the 2nd quarter worth approximately $33,000. Kozak & Associates Inc. acquired a new stake in Linde during the 3rd quarter worth approximately $34,000. J.Safra Asset Management Corp acquired a new stake in Linde during the 2nd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in Linde during the 3rd quarter worth approximately $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of LIN opened at $459.48 on Friday. Linde plc has a 1-year low of $390.38 and a 1-year high of $487.49. The stock has a market cap of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a fifty day moving average price of $471.60 and a 200 day moving average price of $452.30.

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

Linde Dividend Announcement

The firm 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 $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. Linde’s dividend payout ratio is presently 42.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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 report on Monday, August 5th. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $490.75.

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.