Linde PLC $LIN Shares Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC raised its stake in Linde PLC (NASDAQ:LIN) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,955 shares of the basic materials company’s stock after purchasing an additional 1,019 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Linde were worth $7,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. MFG Investments LLC purchased a new stake in shares of Linde in the third quarter valued at about $854,000. Third View Private Wealth LLC lifted its position in shares of Linde by 2.6% during the third quarter. Third View Private Wealth LLC now owns 8,677 shares of the basic materials company’s stock valued at $4,119,000 after purchasing an additional 221 shares in the last quarter. Provenance Wealth Advisors LLC lifted its position in shares of Linde by 7,338.5% during the third quarter. Provenance Wealth Advisors LLC now owns 5,802 shares of the basic materials company’s stock valued at $2,754,000 after purchasing an additional 5,724 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in Linde during the third quarter worth about $381,000. Finally, Putney Financial Group LLC purchased a new position in Linde during the third quarter worth about $36,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.6%

NASDAQ:LIN opened at $511.55 on Wednesday. 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 stock has a market capitalization of $234.84 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The firm’s 50 day moving average is $484.60 and its 200 day moving average is $493.09. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20.

Linde (NASDAQ:LIN) last posted 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 return on equity of 20.32% and a net margin of 19.34%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the business earned $4.21 earnings per share. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts expect that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $1.60 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is presently 42.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIN. UBS Group upped their price objective on shares of Linde from $574.00 to $585.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Jefferies Financial Group lifted their price target on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Argus reduced their price objective on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Finally, Barclays raised their target price on Linde from $577.00 to $591.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $553.05.

Linde Profile

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.