Quotient Wealth Partners LLC Purchases 23 Shares of Linde plc (NASDAQ:LIN)

Quotient Wealth Partners LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 0.9% in the third quarter, Holdings Channel reports. The fund owned 2,706 shares of the basic materials company’s stock after purchasing an additional 23 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Linde were worth $1,290,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC grew its position in shares of 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 valued at $830,000 after acquiring an additional 23 shares during the period. Prentice Wealth Management LLC grew its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Valued Wealth Advisors LLC increased its position 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 buying an additional 24 shares in the last quarter. CNB Bank raised 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 buying an additional 24 shares during the period. Finally, Nwam LLC lifted its position in shares of 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 in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN traded down $0.01 during mid-day trading on Thursday, reaching $469.56. The stock had a trading volume of 394,349 shares, compared to its average volume of 1,847,719. The business’s 50 day moving average price is $465.13 and its 200 day moving average price is $449.85. 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 $225.71 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 2.98 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 issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm earned $3.57 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

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

Insider Transactions at Linde

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LIN. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays increased their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. 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. Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, UBS Group lowered their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

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.