JCIC Asset Management Inc. Buys 55 Shares of Linde plc (NASDAQ:LIN)

JCIC Asset Management Inc. lifted its stake in shares of Linde plc (NASDAQ:LIN) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,319 shares of the basic materials company’s stock after purchasing an additional 55 shares during the quarter. Linde accounts for 1.2% of JCIC Asset Management Inc.’s holdings, making the stock its 27th biggest holding. JCIC Asset Management Inc.’s holdings in Linde were worth $3,013,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LIN. Retirement Group LLC bought a new stake in Linde during the first quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Linde during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the 2nd quarter worth $33,000. Valued Wealth Advisors LLC boosted its stake in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, Kozak & Associates Inc. bought a new position in Linde in the third quarter valued at about $34,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.9 %

Shares of NASDAQ LIN opened at $477.43 on Thursday. The company’s 50 day moving average price is $471.54 and its 200-day moving average price is $450.99. 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 plc has a 52-week low of $362.33 and a 52-week high of $487.49. The company has a market capitalization of $229.49 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.57 earnings per share. Equities analysts forecast that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued 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 payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction 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 of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research analyst reports. UBS Group reduced their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $484.18.

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.