1,037 Shares in Linde plc (NASDAQ:LIN) Bought by Nwam LLC

Nwam LLC purchased a new position in Linde plc (NASDAQ:LIN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,037 shares of the basic materials company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Summit Securities Group LLC purchased a new stake in shares of Linde during the second quarter worth $28,000. Kozak & Associates Inc. acquired a new position in shares of Linde during the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde during the 3rd quarter valued at about $43,000. J.Safra Asset Management Corp acquired a new position in shares of Linde during the 2nd quarter valued at about $42,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Linde by 133.3% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

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

Linde Stock Down 0.1 %

LIN stock opened at $454.78 on Monday. The company’s 50 day moving average price is $468.54 and its 200 day moving average price is $453.66. 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 plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a market capitalization of $216.55 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. On average, equities research analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

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 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 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays upped their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

About Linde

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.