Linde plc (NASDAQ:LIN) Shares Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 760.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,114 shares of the basic materials company’s stock after purchasing an additional 3,636 shares during the period. Prospera Private Wealth LLC’s holdings in Linde were worth $1,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Trifecta Capital Advisors LLC grew its stake in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC grew its position in shares of Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares in the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LIN shares. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday. Finally, Mizuho raised 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Price Performance

Shares of Linde stock opened at $444.06 on Wednesday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The firm has a fifty day simple moving average of $469.39 and a 200-day simple moving average of $453.14. 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 stock has a market capitalization of $211.44 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.88 and a beta of 0.94.

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, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. Linde’s dividend payout ratio is currently 42.22%.

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.