Schrum Private Wealth Management LLC Has $286,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Schrum Private Wealth Management LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 27.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 600 shares of the basic materials company’s stock after acquiring an additional 128 shares during the period. Schrum Private Wealth Management LLC’s holdings in Linde were worth $286,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new position in Linde during the second quarter worth about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the 2nd quarter worth approximately $33,000. Kozak & Associates Inc. acquired a new stake in Linde in the 3rd quarter valued at $34,000. J.Safra Asset Management Corp bought a new stake in Linde in the second quarter valued at $42,000. Finally, Capital Performance Advisors LLP acquired a new position in Linde during the third quarter worth $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price 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. Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Up 0.1 %

LIN stock opened at $456.24 on Thursday. The business has a fifty day moving average of $470.79 and a 200-day moving average of $452.58. The company has a market cap of $217.24 billion, a P/E ratio of 34.64, a PEG ratio of 2.92 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $3.63 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

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.