Linde plc (NASDAQ:LIN) Position Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 227,333 shares of the basic materials company’s stock after acquiring an additional 3,064 shares during the quarter. Linde comprises about 1.6% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in Linde were worth $108,406,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. First Citizens Bank & Trust Co. boosted its position in shares of Linde by 31.0% during the third quarter. First Citizens Bank & Trust Co. now owns 1,727 shares of the basic materials company’s stock worth $824,000 after buying an additional 409 shares during the period. Capital Investment Advisors LLC raised its stake in Linde by 6.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,049 shares of the basic materials company’s stock valued at $500,000 after acquiring an additional 66 shares in the last quarter. Blue Trust Inc. boosted its position in Linde by 60.7% during the 3rd quarter. Blue Trust Inc. now owns 8,643 shares of the basic materials company’s stock worth $3,793,000 after acquiring an additional 3,265 shares during the period. Moss Adams Wealth Advisors LLC grew its stake in shares of Linde by 18.2% in the third quarter. Moss Adams Wealth Advisors LLC now owns 1,098 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 169 shares in the last quarter. Finally, Net Worth Advisory Group bought a new stake in shares of Linde during the third quarter valued at about $382,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on LIN shares. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. raised their price objective 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. Bank of America upped 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. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Finally, UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Linde Stock Performance

LIN opened at $486.45 on Friday. The stock has a 50-day moving average of $469.63 and a 200-day moving average of $450.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a 52-week low of $361.02 and a 52-week high of $487.49. The company has a market cap of $232.28 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is currently 42.31%.

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.