Strategic Blueprint LLC Buys 73 Shares of Linde plc (NASDAQ:LIN)

Strategic Blueprint LLC raised its stake in Linde plc (NASDAQ:LIN) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,371 shares of the basic materials company’s stock after acquiring an additional 73 shares during the quarter. Strategic Blueprint LLC’s holdings in Linde were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MONECO Advisors LLC lifted its holdings in shares of Linde by 7.4% in the third quarter. MONECO Advisors LLC now owns 916 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 63 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Linde by 21.2% in the third quarter. Integrated Advisors Network LLC now owns 1,961 shares of the basic materials company’s stock worth $935,000 after acquiring an additional 343 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Linde by 114.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 7,784 shares of the basic materials company’s stock worth $3,712,000 after acquiring an additional 4,147 shares during the last quarter. Traynor Capital Management Inc. raised its holdings in Linde by 716.5% in the 3rd quarter. Traynor Capital Management Inc. now owns 5,675 shares of the basic materials company’s stock valued at $2,706,000 after buying an additional 4,980 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in Linde by 1.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 35,458 shares of the basic materials company’s stock valued at $16,823,000 after buying an additional 379 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group dropped their price objective 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. Finally, BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Six equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Performance

NASDAQ:LIN opened at $473.40 on Thursday. The company has a fifty day moving average of $473.15 and a 200-day moving average of $451.70. The firm has a market capitalization of $226.05 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $376.70 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.57 EPS. As a group, sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is currently 42.31%.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.