Nelson Capital Management LLC Sells 101 Shares of Linde plc (NASDAQ:LIN)

Nelson Capital Management LLC trimmed its position in shares of Linde plc (NASDAQ:LIN) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,158 shares of the basic materials company’s stock after selling 101 shares during the quarter. Linde accounts for 1.0% of Nelson Capital Management LLC’s portfolio, making the stock its 23rd largest position. Nelson Capital Management LLC’s holdings in Linde were worth $5,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Vise Technologies Inc. increased its stake in Linde by 17.9% in the 4th quarter. Vise Technologies Inc. now owns 1,067 shares of the basic materials company’s stock valued at $438,000 after buying an additional 162 shares during the last quarter. Goelzer Investment Management Inc. acquired a new stake in Linde in the 4th quarter valued at $304,000. Foundations Investment Advisors LLC increased its stake in shares of Linde by 1.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,735 shares of the basic materials company’s stock worth $1,935,000 after purchasing an additional 80 shares during the last quarter. Wade G W & Inc. acquired a new position in shares of Linde during the 4th quarter worth about $567,000. Finally, Guardian Capital Advisors LP increased its stake in shares of Linde by 2.1% during the 4th quarter. Guardian Capital Advisors LP now owns 2,876 shares of the basic materials company’s stock worth $1,174,000 after purchasing an additional 60 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIN has been the topic of several recent analyst reports. Bank of America boosted 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. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six research 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, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Up 0.3 %

LIN opened at $465.11 on Thursday. Linde plc has a twelve month low of $361.02 and a twelve month high of $479.79. 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 company has a fifty day moving average of $453.18 and a 200-day moving average of $448.35. The stock has a market cap of $223.57 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued 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 business had revenue of $8.30 billion for 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%. Linde’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.57 earnings per share. On average, sell-side analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $8,136,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

About Linde

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.