Linde plc (NASDAQ:LIN) Shares Purchased by Fiduciary Family Office LLC

Fiduciary Family Office LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,132 shares of the basic materials company’s stock after acquiring an additional 33 shares during the period. Fiduciary Family Office LLC’s holdings in Linde were worth $540,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LIN. Summit Securities Group LLC purchased a new stake in shares of Linde during the 2nd quarter worth $28,000. Kozak & Associates Inc. purchased a new position in Linde in the third quarter valued at $34,000. J.Safra Asset Management Corp purchased a new position in Linde in the second quarter valued at $42,000. Hazlett Burt & Watson Inc. increased its holdings in Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after buying an additional 56 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in Linde by 62.9% in the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock valued at $44,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.7 %

Shares of LIN stock opened at $454.89 on Wednesday. The company has a market capitalization of $216.60 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.90 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $472.32 and its two-hundred day moving average is $452.04. Linde plc has a twelve month low of $385.12 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $3.63 EPS. Equities analysts forecast that Linde plc will post 15.49 EPS for the current year.

Linde Announces Dividend

The firm 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 dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, 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 SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LIN. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average 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.