Consolidated Planning Corp Invests $3.22 Million in Linde plc (NASDAQ:LIN)

Consolidated Planning Corp acquired a new stake in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,761 shares of the basic materials company’s stock, valued at approximately $3,224,000.

A number of other institutional investors have also modified their holdings of LIN. Summit Securities Group LLC acquired a new stake in Linde in the second quarter valued at approximately $28,000. Kozak & Associates Inc. purchased a new stake in Linde during the 3rd quarter worth $34,000. J.Safra Asset Management Corp purchased a new position in Linde in the 2nd quarter valued at about $42,000. Hazlett Burt & Watson Inc. grew its stake in shares of Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 56 shares in the last quarter. Finally, Bangor Savings Bank increased its position in shares of Linde by 62.9% during the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the 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 completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 0.6 %

NASDAQ:LIN opened at $465.47 on Friday. Linde plc has a 12-month low of $389.14 and a 12-month high of $487.49. The firm has a market capitalization of $221.64 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The business has a 50 day simple moving average of $472.12 and a 200 day simple moving average of $452.12.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Linde plc will post 15.47 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.19%. Linde’s dividend payout ratio (DPR) is 42.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LIN shares. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup upped their target price 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. JPMorgan Chase & Co. lifted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.75.

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.