Moody Lynn & Lieberson LLC Sells 395 Shares of Linde plc (NASDAQ:LIN)

Moody Lynn & Lieberson LLC reduced its holdings in Linde plc (NASDAQ:LIN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,233 shares of the basic materials company’s stock after selling 395 shares during the quarter. Linde accounts for about 1.9% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 16th largest holding. Moody Lynn & Lieberson LLC’s holdings in Linde were worth $30,630,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Retirement Group LLC bought a new position in shares of Linde during the first quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Linde in the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the 2nd quarter valued at $33,000. Valued Wealth Advisors LLC increased its stake 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 purchasing 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 $34,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Linde Stock Down 0.6 %

LIN opened at $474.46 on Friday. Linde plc has a 12 month low of $362.33 and a 12 month high of $487.49. 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 company has a market cap of $226.55 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The company has a 50 day moving average of $471.54 and a 200 day moving average of $450.99.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 EPS. On average, sell-side analysts expect that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued 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 of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 42.31%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LIN shares. UBS Group cut their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays upped their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Citigroup upped their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $484.18.

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.