Linde plc (NYSE:LIN) Shares Sold by Lantz Financial LLC

Lantz Financial LLC cut its holdings in Linde plc (NYSE:LIN) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,721 shares of the basic materials company’s stock after selling 47 shares during the quarter. Linde accounts for 0.9% of Lantz Financial LLC’s portfolio, making the stock its 28th biggest holding. Lantz Financial LLC’s holdings in Linde were worth $2,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIN. TradeLink Capital LLC purchased a new stake in Linde during the first quarter worth $2,523,000. Moors & Cabot Inc. boosted its position in shares of Linde by 36.4% in the 1st 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 stake in Linde by 25.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock valued at $957,000 after acquiring an additional 607 shares during the last quarter. Zions Bancorporation N.A. grew its stake in Linde by 15.3% in the 1st quarter. Zions Bancorporation N.A. now owns 2,380 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 316 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in Linde during the first quarter worth about $6,682,000. Institutional investors and hedge funds own 80.98% of the company’s stock.

Linde Stock Up 0.1 %

Shares of LIN stock traded up $0.50 on Tuesday, hitting $388.03. The stock had a trading volume of 134,140 shares, compared to its average volume of 1,821,706. The stock’s 50 day moving average is $382.50 and its 200-day moving average is $368.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.64 and a current ratio of 0.78. The firm has a market capitalization of $189.34 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.64 and a beta of 0.85. Linde plc has a 52-week low of $262.47 and a 52-week high of $393.67.

Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.10. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.70 billion. Linde had a net margin of 17.20% and a return on equity of 16.17%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.10 earnings per share. As a group, research analysts expect that Linde plc will post 14.03 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be given a $1.275 dividend. The ex-dividend date is Friday, September 1st. This represents a $5.10 dividend on an annualized basis and a yield of 1.31%. Linde’s dividend payout ratio (DPR) is 44.50%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Linde from $400.00 to $420.00 in a report on Friday, July 28th. BMO Capital Markets lifted their price objective on Linde from $400.00 to $418.00 in a research report on Monday, July 31st. Wells Fargo & Company increased their target price on Linde from $420.00 to $444.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Morgan Stanley restated an “overweight” rating and issued a $420.00 price target on shares of Linde in a report on Tuesday, August 1st. Finally, HSBC upped their price objective on shares of Linde from $416.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, August 7th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average price target of $404.41.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 39,695 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $391.62, for a total value of $15,545,355.90. Following the sale, the director now owns 369,611 shares of the company’s stock, valued at approximately $144,747,059.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Stephen F. Angel sold 39,695 shares of Linde stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $391.62, for a total transaction of $15,545,355.90. Following the transaction, the director now directly owns 369,611 shares of the company’s stock, valued at $144,747,059.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Sean Durbin sold 1,245 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $387.63, for a total transaction of $482,599.35. Following the completion of the sale, the vice president now directly owns 8,149 shares of the company’s stock, valued at $3,158,796.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,424 shares of company stock valued at $20,853,396. 0.70% of the stock is owned by corporate insiders.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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.