Perigon Wealth Management LLC Takes $282,000 Position in Linde plc (NYSE:LIN)

Perigon Wealth Management LLC acquired a new stake in shares of Linde plc (NYSE:LIN – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,047 shares of the basic materials company’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. TradeLink Capital LLC bought a new stake in shares of Linde during the first quarter valued at approximately $2,523,000. Moors & Cabot Inc. grew its holdings in Linde by 36.4% during the first quarter. Moors & Cabot Inc. now owns 1,773 shares of the basic materials company’s stock worth $566,000 after buying an additional 473 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Linde by 25.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock worth $957,000 after buying an additional 607 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in Linde by 15.3% during the first quarter. Zions Bancorporation N.A. now owns 2,380 shares of the basic materials company’s stock worth $760,000 after buying an additional 316 shares in the last quarter. Finally, Ergoteles LLC bought a new stake in Linde during the first quarter worth $6,682,000. Institutional investors own 78.15% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Linde from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. BMO Capital Markets upped their price target on Linde from $370.00 to $378.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. The Goldman Sachs Group upped their price target on Linde from $340.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, December 15th. Mizuho upped their price target on Linde from $346.00 to $370.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Finally, UBS Group upped their price objective on Linde from $375.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.67.

Linde Stock Down 2.3 %

Shares of NYSE LIN opened at $330.49 on Friday. Linde plc has a one year low of $262.47 and a one year high of $362.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.79 and a quick ratio of 0.67. The business’s fifty day moving average price is $334.11 and its 200-day moving average price is $315.51. The stock has a market capitalization of $162.65 billion, a PE ratio of 40.06, a P/E/G ratio of 2.47 and a beta of 0.84.

Linde (NYSE:LIN – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.25. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $8.49 billion. Linde had a return on equity of 14.95% and a net margin of 12.43%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.77 EPS. On average, equities research analysts anticipate that Linde plc will post 13.37 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th will be issued a dividend of $1.275 per share. This is a boost from Linde’s previous quarterly dividend of $1.17. The ex-dividend date of this dividend is Monday, March 13th. This represents a $5.10 dividend on an annualized basis and a yield of 1.54%. Linde’s dividend payout ratio is 61.82%.

Insider Buying and Selling

In related news, VP Sean Durbin sold 4,060 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $360.17, for a total transaction of $1,462,290.20. Following the sale, the vice president now owns 8,432 shares of the company’s stock, valued at approximately $3,036,953.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

About Linde

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Linde Plc is a global industrial gases and engineering company. It designs and builds equipment that produces industrial gases and offers customers a wide range of gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.