Linde PLC $LIN Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,723 shares of the basic materials company’s stock after acquiring an additional 38 shares during the period. HBK Sorce Advisory LLC’s holdings in Linde were worth $808,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Premier Path Wealth Partners LLC boosted its stake in shares of Linde by 7.1% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 3,015 shares of the basic materials company’s stock worth $1,415,000 after purchasing an additional 199 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Linde by 3.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 20,668 shares of the basic materials company’s stock worth $9,697,000 after buying an additional 595 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Linde by 15.7% in the second quarter. Arkadios Wealth Advisors now owns 2,008 shares of the basic materials company’s stock worth $943,000 after acquiring an additional 272 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Linde in the second quarter worth approximately $112,000. Finally, World Investment Advisors boosted its position in shares of Linde by 34.9% in the second quarter. World Investment Advisors now owns 2,843 shares of the basic materials company’s stock worth $1,334,000 after acquiring an additional 735 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $429.91 on Friday. The company has a market cap of $201.59 billion, a P/E ratio of 30.58, a PEG ratio of 2.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The business’s 50-day simple moving average is $466.66 and its 200 day simple moving average is $464.58.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 earnings per share. On average, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s payout ratio is 42.67%.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LIN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Citigroup increased their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $520.00.

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.