Sheaff Brock Investment Advisors LLC Sells 35 Shares of Linde plc (NASDAQ:LIN)

Sheaff Brock Investment Advisors LLC reduced its holdings in Linde plc (NASDAQ:LIN) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 704 shares of the basic materials company’s stock after selling 35 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Linde were worth $336,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. National Bank of Canada FI lifted its position in Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its position in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after buying an additional 2,337 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after acquiring an additional 2,312 shares in the last quarter. Tidal Investments LLC raised its holdings in Linde by 28.7% during the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after acquiring an additional 4,479 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Linde by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after purchasing an additional 1,564 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of 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 raised 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. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Insider Activity

In other Linde 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 transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Linde Stock Down 1.0 %

Shares of LIN opened at $449.10 on Friday. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The stock has a fifty day moving average of $470.08 and a 200-day moving average of $452.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping 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 firm posted $3.63 EPS. As a group, sell-side analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

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.