Linde PLC $LIN Stock: Trek Financial LLC Trims Holdings

Trek Financial LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN) by 89.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 457 shares of the basic materials company’s stock after selling 3,948 shares during the quarter. Trek Financial LLC’s holdings in Linde were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LIN. Legacy Wealth Managment LLC ID boosted its holdings in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Principia Wealth Advisory LLC increased its stake in shares of Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter valued at about $29,000. Manning & Napier Advisors LLC lifted its position in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after buying an additional 58 shares in the last quarter. Finally, Polaris Financial Partners acquired a new stake in Linde in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 9,350 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $518.91, for a total transaction of $4,851,808.50. Following the sale, the vice president owned 22,138 shares in the company, valued at $11,487,629.58. The trade was a 29.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent research reports. The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Citigroup upped their price objective on Linde from $560.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. KeyCorp boosted their price objective on shares of Linde from $542.00 to $545.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Jefferies Financial Group boosted their price target on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $553.05.

Linde Stock Up 2.6%

Shares of NASDAQ LIN opened at $524.74 on Thursday. The stock has a 50-day moving average price of $485.35 and a two-hundred day moving average price of $493.52. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The company has a market cap of $240.90 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.98 and a beta of 0.67.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, beating the consensus estimate of $4.52 by $0.07. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the firm earned $4.21 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Linde PLC will post 17.89 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $1.60 per share. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio is 42.52%.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.