Transform Wealth LLC Has $8.51 Million Stake in Linde plc (NASDAQ:LIN)

Transform Wealth LLC grew its position in Linde plc (NASDAQ:LIN) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,850 shares of the basic materials company’s stock after acquiring an additional 276 shares during the period. Transform Wealth LLC’s holdings in Linde were worth $8,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Linde by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after buying an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Linde by 7.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after buying an additional 218,746 shares during the last quarter. Clearbridge Investments LLC lifted its position in 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 in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 23,155 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insider Buying and Selling

In other Linde 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 value of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Linde Trading Up 0.1 %

LIN traded up $0.40 during midday trading on Wednesday, reaching $481.11. 302,289 shares of the company were exchanged, compared to its average volume of 1,834,935. The stock has a market capitalization of $231.26 billion, a P/E ratio of 37.29, a PEG ratio of 2.94 and a beta of 0.94. Linde plc has a one year low of $361.02 and a one year high of $483.36. The stock’s 50-day simple moving average is $467.23 and its 200 day simple moving average is $450.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the firm earned $3.57 EPS. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

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.