CKW Financial Group Makes New $576,000 Investment in Linde plc (NASDAQ:LIN)

CKW Financial Group purchased a new stake in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,213 shares of the basic materials company’s stock, valued at approximately $576,000.

A number of other large investors have also recently modified their holdings of LIN. Summit Securities Group LLC bought a new stake in shares of Linde during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in Linde during the second quarter valued at about $33,000. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth about $34,000. J.Safra Asset Management Corp bought a new stake in Linde during the second quarter worth about $42,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Linde in the 3rd quarter worth about $43,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.5 %

NASDAQ:LIN traded down $2.09 during mid-day trading on Tuesday, reaching $453.60. 200,840 shares of the company’s stock traded hands, compared to its average volume of 1,840,189. The company has a 50 day moving average price of $468.16 and a 200-day moving average price of $453.84. The firm has a market capitalization of $215.99 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.91 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. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm 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 period last year, the company earned $3.63 EPS. On average, sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed 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. This represents a $5.56 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven equities 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the 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 completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

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.