Linde plc (NASDAQ:LIN) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its stake in Linde plc (NASDAQ:LIN) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,480 shares of the basic materials company’s stock after selling 142 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Linde were worth $2,136,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after buying an additional 405,952 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Linde by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after buying an additional 15,187 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Linde by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after buying an additional 218,746 shares during the period. Clearbridge Investments LLC raised its stake in shares of Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock worth $874,908,000 after buying an additional 160,355 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Linde by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after buying an additional 23,155 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Linde Stock Performance

NASDAQ LIN opened at $477.43 on Thursday. The stock has a market cap of $227.97 billion, a PE ratio of 36.33, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $362.33 and a twelve month high of $487.49. The stock has a fifty day simple moving average of $471.54 and a 200-day simple moving average of $450.99.

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

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 42.31%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LIN shares. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Citigroup boosted their price target on 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 dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.