Affinity Wealth Management LLC Increases Stock Holdings in Linde plc (NASDAQ:LIN)

Affinity Wealth Management LLC boosted its stake in Linde plc (NASDAQ:LIN) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,349 shares of the basic materials company’s stock after acquiring an additional 94 shares during the quarter. Linde accounts for about 0.9% of Affinity Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Affinity Wealth Management LLC’s holdings in Linde were worth $4,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Chicago Partners Investment Group LLC lifted its holdings in Linde by 0.8% in the 4th 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. Integrated Advisors Network LLC boosted its position in Linde by 3.6% during the fourth quarter. Integrated Advisors Network LLC now owns 1,907 shares of the basic materials company’s stock worth $783,000 after acquiring an additional 67 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Linde during the 4th quarter valued at about $30,000. Fisher Asset Management LLC grew its stake in Linde by 28.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,318 shares of the basic materials company’s stock valued at $541,000 after acquiring an additional 288 shares in the last quarter. Finally, SageView Advisory Group LLC raised its holdings in Linde by 35.4% in the 4th quarter. SageView Advisory Group LLC now owns 4,472 shares of the basic materials company’s stock valued at $1,824,000 after acquiring an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Trading Up 0.1 %

Shares of LIN stock traded up $0.48 during trading hours on Monday, hitting $474.52. The company had a trading volume of 59,403 shares, compared to its average volume of 1,839,415. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a market capitalization of $228.09 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company’s fifty day moving average is $465.85 and its 200 day moving average is $449.80. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm earned $3.57 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Research analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.