Asset Planning Services Inc. LA ADV Purchases 250 Shares of Linde plc (NASDAQ:LIN)

Asset Planning Services Inc. LA ADV lifted its holdings in Linde plc (NASDAQ:LIN) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,700 shares of the basic materials company’s stock after purchasing an additional 250 shares during the period. Linde comprises approximately 0.6% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 25th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Linde were worth $1,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Clearbridge Investments LLC lifted its position in shares of Linde by 566.9% in the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after acquiring an additional 1,558,538 shares in the last quarter. Swedbank AB purchased a new position in shares of Linde in the second quarter worth $420,720,000. International Assets Investment Management LLC lifted its position in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after purchasing an additional 934,123 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Linde by 91.6% in the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after buying an additional 463,096 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Linde during the 1st quarter valued at about $210,480,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Down 0.9 %

Linde stock opened at $477.43 on Thursday. The business has a 50 day simple moving average of $471.54 and a 200-day simple moving average of $450.99. Linde plc has a 12 month low of $362.33 and a 12 month high of $487.49. The stock has a market capitalization of $229.49 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 earnings per share. On average, analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 annualized dividend and a dividend yield of 1.16%. Linde’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. UBS Group reduced their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $484.18.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the company’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 in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by 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.