Linde plc (NASDAQ:LIN) Holdings Lifted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 26.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,931 shares of the basic materials company’s stock after acquiring an additional 613 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Linde were worth $1,398,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in shares of Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares in the last quarter. Choate Investment Advisors lifted its holdings in shares of Linde by 23.6% during the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after buying an additional 3,437 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Linde during the 1st quarter valued at about $5,041,000. Finally, Tidal Investments LLC increased its holdings in Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Stock Performance

LIN opened at $486.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $469.63 and its two-hundred day moving average price is $450.58. The firm has a market capitalization of $233.82 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. Linde plc has a 12-month low of $361.02 and a 12-month high of $487.49.

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

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.14%. Linde’s dividend payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIN. 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. UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. 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 research report on Monday, August 5th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Linde presently has an average 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.