Wilkinson Global Asset Management LLC Sells 2,900 Shares of Linde plc (NASDAQ:LIN)

Wilkinson Global Asset Management LLC lowered its position in Linde plc (NASDAQ:LIN - Free Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,171 shares of the basic materials company's stock after selling 2,900 shares during the period. Linde comprises approximately 3.5% of Wilkinson Global Asset Management LLC's holdings, making the stock its 11th largest position. Wilkinson Global Asset Management LLC's holdings in Linde were worth $57,782,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the company a "neutral" rating in a research note on Friday, July 12th. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Bank of America boosted their price objective 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 lifted 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. Finally, JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Linde has an average rating of "Moderate Buy" and an average price target of $490.75.

Linde Stock Performance

NASDAQ:LIN traded up $3.85 during trading hours on Thursday, hitting $466.48. 928,774 shares of the company traded hands, compared to its average volume of 1,832,489. The firm has a 50-day moving average of $472.12 and a 200 day moving average of $452.12. Linde plc has a twelve month low of $389.14 and a twelve month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $222.12 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same period last year, the firm earned $3.63 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts forecast that Linde plc will post 15.47 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde's payout ratio is presently 42.22%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade 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.

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.