Ashton Thomas Private Wealth LLC Has $2.30 Million Stock Position in Linde plc (NASDAQ:LIN)

Ashton Thomas Private Wealth LLC lowered its position in Linde plc (NASDAQ:LIN) by 5.3% in the third quarter, HoldingsChannel.com reports. The fund owned 4,816 shares of the basic materials company’s stock after selling 270 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Linde were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter valued at approximately $28,000. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in Linde in the 3rd quarter worth approximately $43,000. J.Safra Asset Management Corp bought a new position in Linde in the 2nd quarter worth approximately $42,000. Finally, Hazlett Burt & Watson Inc. raised its position in Linde by 133.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIN shares. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Linde Price Performance

Shares of LIN stock opened at $455.59 on Wednesday. Linde plc has a 12-month low of $395.00 and a 12-month high of $487.49. The firm has a market capitalization of $216.93 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $471.16 and a 200-day moving average of $452.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by company insiders.

About Linde

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.