Linde plc (NASDAQ:LIN) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Linde plc (NASDAQ:LIN) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,395 shares of the basic materials company’s stock after selling 160 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Linde were worth $10,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC lifted its position in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC increased its stake in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC raised its holdings in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the period. Finally, Nwam LLC boosted its position in shares of Linde by 2.5% during the first quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock worth $421,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on LIN shares. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Linde Trading Up 0.1 %

Shares of NASDAQ:LIN opened at $456.24 on Thursday. 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 has a market capitalization of $217.24 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 2.92 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a 50 day moving average price of $470.79 and a 200 day moving average price of $452.58.

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. The business 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 company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.63 EPS. On average, research analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde’s payout ratio is presently 42.22%.

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.