My Legacy Advisors LLC Sells 260 Shares of Linde plc (NASDAQ:LIN)

My Legacy Advisors LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,596 shares of the basic materials company’s stock after selling 260 shares during the quarter. My Legacy Advisors LLC’s holdings in Linde were worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after acquiring an additional 405,952 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Linde by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after buying an additional 15,187 shares during the period. Canada Pension Plan Investment Board boosted its stake in Linde by 7.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after acquiring an additional 218,746 shares in the last quarter. Clearbridge Investments LLC increased its position in Linde by 8.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after buying an additional 160,355 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Linde by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after purchasing an additional 23,155 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, 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 this hyperlink. 0.60% of the stock is owned by corporate insiders.

Linde Price Performance

NASDAQ LIN traded down $2.21 during trading on Tuesday, reaching $481.15. The company’s stock had a trading volume of 364,656 shares, compared to its average volume of 1,821,734. The firm has a fifty day moving average of $470.37 and a 200 day moving average of $450.68. Linde plc has a one year low of $361.02 and a one year high of $487.49. The stock has a market capitalization of $229.75 billion, a PE ratio of 36.79, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the business earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. Linde’s payout ratio is 42.31%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LIN shares. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. raised 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. Finally, Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.