Greystone Financial Group LLC Acquires 25 Shares of Linde plc (NASDAQ:LIN)

Greystone Financial Group LLC increased its holdings in Linde plc (NASDAQ:LIN) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,013 shares of the basic materials company’s stock after acquiring an additional 25 shares during the period. Greystone Financial Group LLC’s holdings in Linde were worth $960,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Dynamic Advisor Solutions LLC grew its holdings in Linde by 13.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,569 shares of the basic materials company’s stock valued at $2,121,000 after purchasing an additional 546 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Linde by 39.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,900 shares of the basic materials company’s stock valued at $882,000 after purchasing an additional 541 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Linde by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 49,976 shares of the basic materials company’s stock valued at $23,205,000 after purchasing an additional 1,968 shares during the period. Lockerman Financial Group Inc. bought a new position in Linde during the first quarter valued at $259,000. Finally, 180 Wealth Advisors LLC grew its holdings in Linde by 2.8% during the first quarter. 180 Wealth Advisors LLC now owns 1,054 shares of the basic materials company’s stock valued at $489,000 after purchasing an additional 29 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

Shares of LIN opened at $477.43 on Thursday. The company has a market cap 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 current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $471.54 and a 200-day moving average price of $450.99. Linde plc has a 12-month low of $362.33 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $3.57 EPS. As a group, equities analysts forecast that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.16%. Linde’s payout ratio is 43.13%.

Insider Buying and Selling

In related 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 completion of the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LIN. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted 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. Finally, UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde 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.