Linde plc (NASDAQ:LIN) Stake Boosted by CWS Financial Advisors LLC

CWS Financial Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 926 shares of the basic materials company’s stock after purchasing an additional 82 shares during the quarter. CWS Financial Advisors LLC’s holdings in Linde were worth $442,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its holdings in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after buying an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the subject of several research reports. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Activity at Linde

In other Linde 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Up 0.1 %

Shares of LIN stock opened at $457.12 on Friday. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The firm has a market cap of $217.66 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The stock has a 50 day moving average of $467.42 and a 200-day moving average of $454.04. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company earned $3.63 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s payout ratio is 42.22%.

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.