Axxcess Wealth Management LLC Grows Position in Linde plc (NASDAQ:LIN)

Axxcess Wealth Management LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 6.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,636 shares of the basic materials company’s stock after purchasing an additional 983 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Linde were worth $7,933,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Covestor Ltd lifted its position in Linde by 50.0% during the third quarter. Covestor Ltd now owns 249 shares of the basic materials company’s stock valued at $119,000 after buying an additional 83 shares in the last quarter. Atria Investments Inc raised its stake in shares of Linde by 5.3% in the 3rd quarter. Atria Investments Inc now owns 30,924 shares of the basic materials company’s stock valued at $14,746,000 after acquiring an additional 1,570 shares during the period. TCTC Holdings LLC lifted its holdings in shares of Linde by 0.3% during the 3rd quarter. TCTC Holdings LLC now owns 128,226 shares of the basic materials company’s stock valued at $61,146,000 after acquiring an additional 354 shares in the last quarter. Bridges Investment Management Inc. boosted its position in Linde by 0.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 53,510 shares of the basic materials company’s stock worth $25,517,000 after purchasing an additional 413 shares during the period. Finally, Assetmark Inc. increased its holdings in Linde by 8.5% in the 3rd quarter. Assetmark Inc. now owns 52,658 shares of the basic materials company’s stock valued at $25,111,000 after purchasing an additional 4,139 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LIN. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Linde Stock Performance

Shares of Linde stock opened at $459.48 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 1 year low of $390.38 and a 1 year high of $487.49. The firm’s 50-day simple moving average is $471.60 and its 200-day simple moving average is $452.30. The firm has a market cap of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 earnings per share. Equities analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

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.