Linde PLC $LIN Stock: Parr Mcknight Wealth Management Group LLC Boosts Position

Parr Mcknight Wealth Management Group LLC raised its holdings in Linde PLC (NASDAQ:LIN) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,955 shares of the basic materials company’s stock after purchasing an additional 1,019 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Linde were worth $7,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Atwood & Palmer Inc. boosted its holdings in Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after buying an additional 20 shares during the period. Valmark Advisers Inc. grew its stake in Linde by 0.5% in the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after buying an additional 22 shares in the last quarter. Principia Wealth Advisory LLC grew its stake in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares in the last quarter. Towercrest Capital Management raised its holdings in Linde by 2.8% during the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 25 shares during the period. Finally, Creative Capital Management Investments LLC raised its holdings in Linde by 55.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 70 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 25 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Citigroup lifted their price target on Linde from $560.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, October 30th. UBS Group boosted their price objective on Linde from $574.00 to $585.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Berenberg Bank reissued a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Finally, Evercore raised their target price on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $553.05.

Linde Stock Performance

Linde stock opened at $511.55 on Wednesday. The firm’s 50 day simple moving average is $484.60 and its 200 day simple moving average is $493.09. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $234.84 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.07. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the prior year, the company posted $4.21 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts expect that Linde PLC will post 17.89 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is presently 42.52%.

Linde Company Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.