Reston Wealth Management LLC Invests $76,000 in Linde plc (NASDAQ:LIN)

Reston Wealth Management LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 160 shares of the basic materials company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after purchasing an additional 1,558,538 shares during the period. Swedbank AB bought a new stake in shares of Linde during the 2nd quarter valued at about $420,720,000. International Assets Investment Management LLC boosted its position in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Linde by 91.6% during the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock valued at $449,648,000 after acquiring an additional 463,096 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Linde during the 1st quarter valued at about $210,480,000. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the firm’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 sale, the vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group decreased their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six 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 presently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Down 3.6 %

Shares of Linde stock opened at $456.15 on Friday. The firm’s 50-day moving average is $473.04 and its two-hundred day moving average is $451.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a market cap of $217.81 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a 1 year low of $376.70 and a 1 year high of $487.49.

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

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders 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 yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 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.