Trueblood Wealth Management LLC Raises Holdings in Linde plc (NASDAQ:LIN)

Trueblood Wealth Management LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 3,675 shares of the basic materials company’s stock after buying an additional 54 shares during the quarter. Linde accounts for approximately 0.9% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Trueblood Wealth Management LLC’s holdings in Linde were worth $1,752,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Retirement Group LLC purchased a new position in shares of Linde during the first quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in shares of Linde during the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the 2nd quarter valued at about $33,000. Valued Wealth Advisors LLC lifted its holdings in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Finally, Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. increased 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. Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, UBS Group lowered their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Performance

Linde stock opened at $473.76 on Friday. The company has a 50 day moving average price of $472.24 and a 200-day moving average price of $451.24. 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 plc has a fifty-two week low of $366.12 and a fifty-two week high of $487.49. The company has a market capitalization of $226.22 billion, a PE ratio of 36.05, a P/E/G ratio of 3.05 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is presently 42.31%.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was 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. Insiders own 0.60% of the company’s stock.

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.