Rehmann Capital Advisory Group Purchases 193 Shares of Linde plc (NASDAQ:LIN)

Rehmann Capital Advisory Group grew its position in shares of Linde plc (NASDAQ:LIN) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,204 shares of the basic materials company’s stock after buying an additional 193 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Linde were worth $2,503,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in Linde during the 2nd quarter worth about $28,000. Kozak & Associates Inc. acquired a new stake in Linde during the 3rd quarter worth $34,000. Capital Performance Advisors LLP bought a new stake in Linde in the third quarter valued at about $43,000. J.Safra Asset Management Corp bought a new stake in shares of Linde in the 2nd quarter valued at about $42,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LIN. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.75.

Linde Trading Up 0.5 %

Linde stock opened at $444.81 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a 50-day moving average of $464.12 and a 200-day moving average of $455.40. The company has a market cap of $211.80 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.88 and a beta of 0.93. Linde plc has a one year low of $396.07 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.63 earnings per share. On average, equities analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.