Kingsview Wealth Management LLC Buys 325 Shares of Linde plc (NASDAQ:LIN)

Kingsview Wealth Management LLC lifted its stake in Linde plc (NASDAQ:LIN) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,229 shares of the basic materials company’s stock after buying an additional 325 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Linde were worth $2,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Linde by 4.4% in 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 acquiring an additional 2,312 shares during the period. Tidal Investments LLC lifted its stake in Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after purchasing an additional 4,479 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Linde by 3.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after purchasing an additional 1,564 shares during the last quarter. M&G Plc boosted its stake in Linde by 1.2% during the second quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock valued at $81,611,000 after buying an additional 2,252 shares during the last quarter. Finally, Waverton Investment Management Ltd increased its stake in Linde by 0.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after acquiring an additional 1,811 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $454.78 on Monday. The firm has a market capitalization of $216.55 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.91 and a beta of 0.94. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s 50-day simple moving average is $468.54 and its 200-day simple moving average is $453.66.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $3.63 EPS. As a group, equities analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Insider Activity

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $490.75.

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.