Dana Investment Advisors Inc. Has $13.53 Million Stake in Linde plc (NASDAQ:LIN)

Dana Investment Advisors Inc. trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,841 shares of the basic materials company’s stock after selling 523 shares during the period. Dana Investment Advisors Inc.’s holdings in Linde were worth $13,534,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Retirement Group LLC bought a new position in Linde during the first quarter worth about $25,000. Summit Securities Group LLC bought a new position in Linde during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC acquired a new position in Linde during the fourth quarter valued at approximately $30,000. Strategic Financial Concepts LLC bought a new stake in Linde in the second quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC raised 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. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on 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 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 through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Barclays boosted 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Six 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 has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Linde Trading Down 0.6 %

LIN opened at $476.86 on Tuesday. The company has a fifty day moving average price of $462.10 and a two-hundred day moving average price of $449.58. Linde plc has a 1-year low of $361.02 and a 1-year high of $483.36. The company has a market cap of $229.22 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. 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 (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the firm posted $3.57 EPS. Linde’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid 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 1.17%. Linde’s dividend payout ratio (DPR) is currently 43.13%.

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.