Linde plc (NASDAQ:LIN) Shares Sold by Fluent Financial LLC

Fluent Financial LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,280 shares of the basic materials company’s stock after selling 57 shares during the period. Fluent Financial LLC’s holdings in Linde were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 23 shares during the period. Valued Wealth Advisors LLC lifted its holdings in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the period. CNB Bank grew its position in Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares in the last quarter. Nwam LLC increased its stake in Linde by 2.5% during the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after buying an additional 24 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position 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 buying an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LIN shares. Bank of America increased 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. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Barclays raised their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup boosted 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $484.18.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Down 0.3 %

Shares of NASDAQ LIN traded down $1.57 during mid-day trading on Friday, reaching $468.18. The company had a trading volume of 2,131,023 shares, compared to its average volume of 1,860,692. 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 has a market capitalization of $225.04 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 3.00 and a beta of 0.94. The stock has a fifty day moving average of $464.17 and a two-hundred day moving average of $449.97. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36.

Linde (NASDAQ:LIN) last released its earnings results 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the firm earned $3.57 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.19%. Linde’s payout ratio is 43.13%.

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.