Legacy Capital Wealth Partners LLC Has $1.54 Million Stake in Linde plc (NASDAQ:LIN)

Legacy Capital Wealth Partners LLC increased its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 95.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,221 shares of the basic materials company's stock after purchasing an additional 1,576 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Linde were worth $1,536,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norden Group LLC bought a new stake in Linde in the first quarter worth $315,000. Quantbot Technologies LP increased its holdings in shares of Linde by 104.9% during the 1st quarter. Quantbot Technologies LP now owns 3,777 shares of the basic materials company's stock valued at $1,754,000 after acquiring an additional 1,934 shares during the last quarter. Empowered Funds LLC lifted its holdings in Linde by 26.7% in the 1st quarter. Empowered Funds LLC now owns 6,468 shares of the basic materials company's stock worth $3,003,000 after purchasing an additional 1,365 shares during the last quarter. Anchor Capital Advisors LLC bought a new stake in Linde during the first quarter worth approximately $223,000. Finally, WNY Asset Management LLC acquired a new position in Linde during the first quarter valued at approximately $206,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 17,584 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company's stock.

Linde Price Performance

Linde stock traded down $5.99 during mid-day trading on Friday, hitting $459.48. 1,496,836 shares of the company were exchanged, compared to its average volume of 1,691,900. The company has a market capitalization of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The business has a fifty day moving average of $471.60 and a 200 day moving average of $452.35. Linde plc has a 1-year low of $390.38 and a 1-year high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. As a group, sell-side analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde's payout ratio is 42.22%.

Analyst Upgrades and Downgrades

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

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.