Delap Wealth Advisory LLC Buys 94 Shares of Linde plc (NASDAQ:LIN)

Delap Wealth Advisory LLC boosted its stake in Linde plc (NASDAQ:LIN) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 853 shares of the basic materials company’s stock after acquiring an additional 94 shares during the period. Delap Wealth Advisory LLC’s holdings in Linde were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after acquiring an additional 141,322 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Linde by 2.0% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock valued at $2,168,000 after acquiring an additional 104 shares during the last quarter. Portfolio Design Labs LLC bought a new stake in Linde in the fourth quarter valued at approximately $1,897,000. Cloverfields Capital Group LP bought a new stake in Linde in the fourth quarter valued at approximately $718,000. Finally, National Bank of Canada FI boosted its holdings in Linde by 46.9% in the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LIN. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The stock was 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 approximately $8,136,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Linde Price Performance

Shares of NASDAQ:LIN opened at $471.91 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $361.02 and a twelve month high of $479.79. The stock’s 50 day moving average is $458.07 and its 200-day moving average is $449.30. The firm has a market capitalization of $226.84 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 2.97 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the firm earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.

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.