Ritholtz Wealth Management Has $2.31 Million Stock Position in Linde plc (NASDAQ:LIN)

Ritholtz Wealth Management raised its position in Linde plc (NASDAQ:LIN) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,835 shares of the basic materials company’s stock after buying an additional 528 shares during the period. Ritholtz Wealth Management’s holdings in Linde were worth $2,306,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. GLOBALT Investments LLC GA bought a new stake in Linde during the 4th quarter worth about $1,294,000. Raleigh Capital Management Inc. grew its stake in shares of Linde by 9,640.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 487 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 482 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Linde by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,205 shares of the basic materials company’s stock valued at $1,286,000 after purchasing an additional 27 shares in the last quarter. Cim LLC bought a new position in Linde in the 4th quarter worth approximately $234,000. Finally, Integrated Advisors Network LLC lifted its holdings in Linde by 3.6% during the 4th quarter. Integrated Advisors Network LLC now owns 1,907 shares of the basic materials company’s stock worth $783,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIN. Bank of America boosted their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Finally, Citigroup increased their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Price Performance

Shares of LIN stock opened at $474.04 on Friday. The firm has a market capitalization of $227.86 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36. 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 firm has a fifty day moving average of $465.85 and a 200-day moving average of $449.92.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the company earned $3.57 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.17%. Linde’s dividend payout ratio is currently 43.13%.

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.