Sequoia Financial Advisors LLC Has $5.52 Million Holdings in Linde plc (NASDAQ:LIN)

Sequoia Financial Advisors LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 6.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,572 shares of the basic materials company’s stock after acquiring an additional 735 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $5,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Trifecta Capital Advisors LLC grew its stake in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its stake in Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after buying an additional 23 shares in the last quarter. Prentice Wealth Management LLC grew its stake in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC grew its stake 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 worth $1,290,000 after buying an additional 23 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in Linde by 49.0% during the first 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 in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group dropped their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. Finally, Citigroup increased their target price on shares of 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Linde Stock Down 0.3 %

Shares of NASDAQ LIN opened at $481.95 on Wednesday. The company has a 50 day simple moving average of $471.01 and a 200 day simple moving average of $450.80. The firm has a market cap of $230.13 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year 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.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the business earned $3.57 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts forecast that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.15%. Linde’s payout ratio is 42.31%.

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.