Cary Street Partners Investment Advisory LLC Buys 131 Shares of Linde plc (NYSE:LIN)

Cary Street Partners Investment Advisory LLC increased its stake in shares of Linde plc (NYSE:LIN) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 10,108 shares of the basic materials company’s stock after buying an additional 131 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Linde were worth $3,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Country Club Bank GFN grew its stake in shares of Linde by 0.8% during the 2nd quarter. Country Club Bank GFN now owns 3,385 shares of the basic materials company’s stock valued at $1,284,000 after purchasing an additional 26 shares during the period. Strengthening Families & Communities LLC increased its holdings in Linde by 51.9% during the first quarter. Strengthening Families & Communities LLC now owns 82 shares of the basic materials company’s stock valued at $29,000 after buying an additional 28 shares during the last quarter. Forum Financial Management LP raised its position in Linde by 0.8% in the second quarter. Forum Financial Management LP now owns 3,543 shares of the basic materials company’s stock worth $1,350,000 after acquiring an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Linde by 17.2% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 198 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 29 shares during the last quarter. Finally, Glassman Wealth Services grew its position in shares of Linde by 4.0% during the 1st quarter. Glassman Wealth Services now owns 763 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 29 shares during the period. Institutional investors own 80.98% of the company’s stock.

Linde Trading Down 0.1 %

LIN opened at $407.88 on Friday. The firm has a market cap of $197.78 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.76 and a beta of 0.88. Linde plc has a 12 month low of $302.17 and a 12 month high of $411.08. The stock has a 50-day moving average of $381.69 and a 200 day moving average of $376.64. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33.

Linde (NYSE:LIN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.57 by $0.06. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.53 billion. Linde had a return on equity of 16.59% and a net margin of 18.44%. Linde’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.10 EPS. As a group, research analysts forecast that Linde plc will post 14.11 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a $1.275 dividend. The ex-dividend date is Friday, December 1st. This represents a $5.10 dividend on an annualized basis and a yield of 1.25%. Linde’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

LIN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Linde from $400.00 to $420.00 in a research report on Friday, July 28th. UBS Group reduced their target price on shares of Linde from $450.00 to $445.00 and set a “buy” rating for the company in a report on Thursday, October 12th. Wells Fargo & Company lifted their price target on shares of Linde from $420.00 to $444.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Morgan Stanley reissued an “overweight” rating and issued a $420.00 price objective on shares of Linde in a research note on Tuesday, August 1st. Finally, Argus lifted their target price on shares of Linde from $440.00 to $463.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $424.50.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 12,484 shares of Linde stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $386.53, for a total transaction of $4,825,440.52. Following the completion of the sale, the vice president now owns 27,161 shares of the company’s stock, valued at $10,498,541.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Guillermo Bichara sold 12,484 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $386.53, for a total transaction of $4,825,440.52. Following the transaction, the vice president now owns 27,161 shares of the company’s stock, valued at approximately $10,498,541.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sean Durbin sold 1,245 shares of the business’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 owns 8,149 shares of the company’s stock, valued at approximately $3,158,796.87. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Linde Profile

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.