Meadow Creek Wealth Advisors LLC Buys 83 Shares of Linde plc (NASDAQ:LIN)

Meadow Creek Wealth Advisors LLC boosted its stake in Linde plc (NASDAQ:LIN) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 718 shares of the basic materials company’s stock after purchasing an additional 83 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Linde were worth $342,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank Pictet & Cie Europe AG grew its position in Linde by 1.1% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 66,584 shares of the basic materials company’s stock worth $31,751,000 after purchasing an additional 702 shares during the period. Marietta Wealth Management LLC grew its position in Linde by 2.5% in the 3rd quarter. Marietta Wealth Management LLC now owns 21,920 shares of the basic materials company’s stock worth $10,453,000 after purchasing an additional 525 shares during the period. GAM Holding AG grew its position in Linde by 8.5% in the 3rd quarter. GAM Holding AG now owns 168,547 shares of the basic materials company’s stock worth $80,373,000 after purchasing an additional 13,194 shares during the period. Segment Wealth Management LLC grew its position in Linde by 1.9% in the 3rd quarter. Segment Wealth Management LLC now owns 30,236 shares of the basic materials company’s stock worth $14,418,000 after purchasing an additional 563 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Linde by 0.3% during the 3rd quarter. Private Advisor Group LLC now owns 20,199 shares of the basic materials company’s stock worth $9,632,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 0.6 %

Shares of LIN stock opened at $478.90 on Wednesday. The stock has a market cap of $228.67 billion, a P/E ratio of 36.68, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $362.33 and a 52 week high of $487.49. 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 company’s fifty day simple moving average is $471.01 and its two-hundred day simple moving average is $450.80.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for 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 quarter in the previous year, the company earned $3.57 EPS. Analysts predict that Linde plc will post 15.52 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 $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is currently 42.31%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Barclays lifted their price target 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. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.