Sunbelt Securities Inc. Has $221,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Sunbelt Securities Inc. boosted its position in shares of Linde plc (NASDAQ:LIN) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 464 shares of the basic materials company’s stock after purchasing an additional 47 shares during the period. Sunbelt Securities Inc.’s holdings in Linde were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC increased its stake in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC raised its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $435.30 on Friday. The firm’s 50-day moving average is $461.53 and its 200-day moving average is $455.42. The company has a market cap of $207.27 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors 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 dividend yield of 1.28%. Linde’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LIN shares. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Linde Company 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.