Ameriprise Financial Inc. Purchases 15,187 Shares of Linde plc (NASDAQ:LIN)

Ameriprise Financial Inc. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,449,218 shares of the basic materials company’s stock after purchasing an additional 15,187 shares during the period. Ameriprise Financial Inc. owned about 0.72% of Linde worth $1,513,551,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LIN. Members Trust Co lifted its position in shares of Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its stake 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. Johnson Financial Group Inc. lifted its holdings in Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Valued Wealth Advisors LLC increased its stake in shares of 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 in the last quarter. Finally, CNB Bank increased its stake in shares of Linde by 2.9% in the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Barclays lifted 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, UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Down 0.5 %

Shares of NASDAQ LIN opened at $477.01 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $361.02 and a 12-month high of $481.60. The firm’s 50-day moving average price is $459.53 and its 200-day moving average price is $449.40. The stock has a market capitalization of $227.77 billion, a price-to-earnings ratio of 37.01, a P/E/G ratio of 2.99 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS 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 firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

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.