Mount Yale Investment Advisors LLC Lowers Position in Linde plc (NASDAQ:LIN)

Mount Yale Investment Advisors LLC decreased its stake in Linde plc (NASDAQ:LIN) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,544 shares of the basic materials company’s stock after selling 482 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Linde were worth $2,167,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dakota Wealth Management raised its stake in Linde by 5.0% during the 3rd quarter. Dakota Wealth Management now owns 9,004 shares of the basic materials company’s stock worth $4,294,000 after acquiring an additional 431 shares during the period. Values First Advisors Inc. lifted its stake in shares of Linde by 5.6% during the 3rd quarter. Values First Advisors Inc. now owns 736 shares of the basic materials company’s stock valued at $351,000 after buying an additional 39 shares in the last quarter. DT Investment Partners LLC boosted its holdings in Linde by 26.0% in the 3rd quarter. DT Investment Partners LLC now owns 155 shares of the basic materials company’s stock worth $74,000 after buying an additional 32 shares during the period. Assenagon Asset Management S.A. increased its stake in Linde by 147.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,698 shares of the basic materials company’s stock worth $15,592,000 after buying an additional 19,459 shares in the last quarter. Finally, Jackson Wealth Management LLC raised its holdings in Linde by 76.5% during the third quarter. Jackson Wealth Management LLC now owns 9,217 shares of the basic materials company’s stock valued at $4,395,000 after acquiring an additional 3,996 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LIN. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. 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. UBS Group dropped their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the company’s 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 transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Linde Stock Down 0.6 %

Shares of LIN opened at $474.46 on Friday. 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 business has a fifty day moving average of $471.54 and a 200 day moving average of $450.99. The company has a market cap of $226.55 billion, a PE ratio of 36.11, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a 52-week low of $362.33 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last released its 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. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $3.57 EPS. On average, sell-side analysts expect that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s payout ratio is 42.31%.

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.