94,285 Shares in Linde plc (NASDAQ:LIN) Purchased by Eastern Bank

Eastern Bank bought a new stake in Linde plc (NASDAQ:LIN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 94,285 shares of the basic materials company’s stock, valued at approximately $44,961,000.

Several other institutional investors have also recently bought and sold shares of the business. Retirement Group LLC acquired a new position in shares of Linde in the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the 2nd quarter valued at about $33,000. Valued Wealth Advisors LLC lifted its position in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. Finally, Kozak & Associates Inc. purchased a new position in shares of Linde in the 3rd quarter worth approximately $34,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LIN shares. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Stock Down 0.5 %

Shares of NASDAQ LIN traded down $2.21 during trading hours on Tuesday, hitting $481.15. The stock had a trading volume of 364,656 shares, compared to its average volume of 1,821,734. The company has a market capitalization of $229.75 billion, a P/E ratio of 36.79, a P/E/G ratio of 3.08 and a beta of 0.94. The firm’s 50-day moving average price is $470.37 and its two-hundred day moving average price is $450.68. Linde plc has a 52 week low of $361.02 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.57 earnings per share. Analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.16%. Linde’s dividend payout ratio is 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.