Janney Capital Management LLC Sells 235 Shares of Linde plc (NASDAQ:LIN)

Janney Capital Management LLC trimmed its stake in Linde plc (NASDAQ:LIN) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,246 shares of the basic materials company’s stock after selling 235 shares during the quarter. Janney Capital Management LLC’s holdings in Linde were worth $10,609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LIN. Northern Financial Advisors Inc increased its stake in shares of Linde by 22.5% during the 3rd quarter. Northern Financial Advisors Inc now owns 1,292 shares of the basic materials company’s stock worth $616,000 after purchasing an additional 237 shares during the last quarter. Optas LLC lifted its position in shares of Linde by 2.1% in the third quarter. Optas LLC now owns 2,306 shares of the basic materials company’s stock valued at $1,100,000 after buying an additional 48 shares during the last quarter. Fullcircle Wealth LLC boosted its stake in shares of Linde by 1.3% during the 3rd quarter. Fullcircle Wealth LLC now owns 2,856 shares of the basic materials company’s stock worth $1,360,000 after acquiring an additional 38 shares during the period. Farther Finance Advisors LLC raised its stake in Linde by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,912 shares of the basic materials company’s stock valued at $1,389,000 after acquiring an additional 421 shares during the period. Finally, Weatherly Asset Management L. P. bought a new position in Linde during the third quarter worth $257,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction 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 directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Linde Trading Up 0.3 %

Shares of LIN opened at $457.31 on Friday. The business’s fifty day moving average is $472.87 and its 200-day moving average is $451.86. The firm has a market cap of $218.37 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 52-week low of $385.12 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.63 EPS. Equities analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LIN shares. 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 report on Friday. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup raised their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

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.