Segment Wealth Management LLC Purchases 563 Shares of Linde plc (NASDAQ:LIN)

by · The Cerbat Gem

Segment Wealth Management LLC boosted its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,236 shares of the basic materials company’s stock after acquiring an additional 563 shares during the quarter. Segment Wealth Management LLC’s holdings in Linde were worth $14,418,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Retirement Group LLC bought a new position in shares of Linde during the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the second quarter valued at about $33,000. Valued Wealth Advisors LLC lifted its stake in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. Finally, Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $481.95 on Wednesday. The firm has a market capitalization of $230.13 billion, a P/E ratio of 36.68, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The company’s 50 day moving average price is $471.01 and its two-hundred day moving average price is $450.80.

Linde (NASDAQ:LIN – Get Free Report) last issued 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 return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LIN shares. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report 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 report on Friday, July 12th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a report on Friday, August 30th. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Read Our Latest Stock Analysis on Linde

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Linde Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LIN – Free Report).