Wilkinson Global Asset Management LLC Has $57.78 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Wilkinson Global Asset Management LLC reduced its position in Linde plc (NASDAQ:LIN) by 2.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 121,171 shares of the basic materials company’s stock after selling 2,900 shares during the period. Linde accounts for 3.5% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $57,782,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Trifecta Capital Advisors LLC lifted its stake in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC boosted its stake in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the last quarter. Quotient Wealth Partners LLC grew its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Nwam LLC raised its holdings in Linde by 2.5% in the first quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock worth $421,000 after purchasing an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.7 %

LIN stock opened at $462.63 on Thursday. Linde plc has a twelve month low of $385.12 and a twelve month high of $487.49. The company has a market cap of $220.29 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $472.12 and a two-hundred day moving average price of $452.12.

Linde (NASDAQ:LIN) last issued 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 business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.63 earnings per share. Analysts anticipate that Linde plc will post 15.47 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is 42.22%.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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. JPMorgan Chase & Co. increased their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Company 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.