Resources Management Corp CT ADV Has $628,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Resources Management Corp CT ADV decreased its stake in Linde plc (NASDAQ:LIN) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,316 shares of the basic materials company’s stock after selling 45 shares during the period. Resources Management Corp CT ADV’s holdings in Linde were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the period. Townsquare Capital LLC grew its stake in Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after purchasing an additional 1,383 shares during the period. Waverton Investment Management Ltd grew its stake in Linde by 0.9% during the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after purchasing an additional 1,811 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Linde by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after purchasing an additional 1,564 shares during the period. Finally, Atom Investors LP grew its stake in Linde by 19.8% during the third quarter. Atom Investors LP now owns 12,269 shares of the basic materials company’s stock worth $5,851,000 after purchasing an additional 2,028 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Linde Price Performance

Shares of NASDAQ LIN opened at $444.81 on Wednesday. The stock has a market cap of $211.80 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a fifty day moving average of $464.12 and a 200-day moving average of $455.40.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $3.63 earnings per share. Equities research analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced 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. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analysts Set New Price Targets

Several brokerages have issued reports on LIN. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.