Venturi Wealth Management LLC Boosts Stake in Linde plc (NASDAQ:LIN)

Venturi Wealth Management LLC raised its stake in shares of Linde plc (NASDAQ:LIN) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,997 shares of the basic materials company’s stock after buying an additional 439 shares during the quarter. Venturi Wealth Management LLC’s holdings in Linde were worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI increased its position in Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after purchasing an additional 15,393 shares in the last quarter. Vident Advisory LLC boosted its position in Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after acquiring an additional 2,337 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the period. Tidal Investments LLC grew its position in Linde by 28.7% during the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after acquiring an additional 4,479 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Linde by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after purchasing an additional 1,564 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Linde Stock Up 0.2 %

Shares of NASDAQ:LIN opened at $460.32 on Monday. The company’s fifty day moving average is $471.60 and its two-hundred day moving average is $452.40. 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 $395.00 and a 1-year high of $487.49. The stock has a market capitalization of $219.19 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping 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 firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Linde plc will post 15.48 EPS 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 dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 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.