Linde plc (NASDAQ:LIN) Shares Purchased by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. grew its position in shares of Linde plc (NASDAQ:LIN) by 2,191.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275 shares of the basic materials company’s stock after purchasing an additional 263 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Linde were worth $131,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LIN. Summit Securities Group LLC acquired a new position in Linde during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Linde during the second quarter worth $33,000. Kozak & Associates Inc. acquired a new position in Linde during the third quarter worth $34,000. J.Safra Asset Management Corp acquired a new position in Linde during the second quarter worth $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.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America upped their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Performance

Shares of LIN stock opened at $457.12 on Thursday. The stock’s 50-day moving average is $467.66 and its two-hundred day moving average is $454.02. The firm has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.92 and a beta of 0.94. Linde plc has a 1 year low of $396.07 and a 1 year 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.

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. The company had revenue of $8.36 billion for 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 business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 earnings per share. Analysts predict that Linde plc will post 15.48 earnings per share 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is 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.