Linde plc (NASDAQ:LIN) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its position in Linde plc (NASDAQ:LIN) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,020 shares of the basic materials company’s stock after acquiring an additional 51 shares during the period. Lake Street Advisors Group LLC’s holdings in Linde were worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Retirement Group LLC acquired a new position in shares of Linde in the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Linde in the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde in the 2nd quarter valued at $33,000. Valued Wealth Advisors LLC increased its position in shares of 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 during the period. Finally, Kozak & Associates Inc. purchased a new stake in Linde in the third quarter valued at $34,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Up 0.8 %

Shares of NASDAQ:LIN traded up $3.78 during mid-day trading on Friday, reaching $478.24. 185,248 shares of the company were exchanged, compared to its average volume of 1,813,680. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market cap of $228.36 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 3.05 and a beta of 0.94. The firm’s 50-day simple moving average is $471.54 and its 200 day simple moving average is $450.99. Linde plc has a 1 year low of $366.12 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter last year, the company posted $3.57 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent research reports. Barclays upped 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. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group lowered their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Company 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.