Mount Yale Investment Advisors LLC Has $2.21 Million Stock Position in Linde plc (NASDAQ:LIN)

Mount Yale Investment Advisors LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 13.1% in the second quarter, HoldingsChannel reports. The fund owned 5,026 shares of the basic materials company’s stock after selling 760 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Linde were worth $2,205,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LIN. Clearbridge Investments LLC boosted its position in Linde by 566.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after acquiring an additional 1,558,538 shares during the last quarter. Swedbank AB acquired a new position in Linde during the 2nd quarter worth approximately $420,720,000. ProShare Advisors LLC boosted its position in Linde by 91.6% during the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after acquiring an additional 463,096 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Linde during the 1st quarter worth approximately $210,480,000. Finally, Vanguard Group Inc. boosted its position in Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after acquiring an additional 405,952 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.6 %

Shares of Linde stock opened at $471.91 on Friday. The business has a fifty day simple moving average of $458.07 and a two-hundred day simple moving average of $449.30. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79. The company has a market capitalization of $226.84 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.57 EPS. Research analysts forecast that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

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

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred 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 in the company, valued at $8,136,996. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

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