San Luis Wealth Advisors LLC Grows Holdings in Linde plc (NASDAQ:LIN)

San Luis Wealth Advisors LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 295.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,128 shares of the basic materials company’s stock after buying an additional 1,590 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Linde were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC raised its position in Linde by 26.4% in the fourth quarter. Gotham Asset Management LLC now owns 25,952 shares of the basic materials company’s stock worth $10,659,000 after acquiring an additional 5,417 shares during the period. Groupama Asset Managment bought a new stake in shares of Linde in the fourth quarter valued at $12,296,000. Price T Rowe Associates Inc. MD lifted its position in shares of Linde by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after buying an additional 141,322 shares during the last quarter. Oracle Alpha Inc. bought a new position in shares of Linde during the 4th quarter worth $463,000. Finally, Childress Capital Advisors LLC raised its stake in Linde by 7.0% in the 4th quarter. Childress Capital Advisors LLC now owns 1,853 shares of the basic materials company’s stock valued at $761,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LIN shares. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Finally, Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

LIN opened at $469.42 on Friday. The stock’s 50 day moving average price is $465.45 and its 200-day moving average price is $449.99. Linde plc has a 52-week low of $361.02 and a 52-week high of $483.36. The stock has a market capitalization of $224.15 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.57 earnings per share. On average, equities research analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.18%. Linde’s dividend payout ratio (DPR) is currently 42.31%.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

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.