Linde plc (NASDAQ:LIN) Shares Sold by Carr Financial Group Corp

Carr Financial Group Corp lessened its stake in Linde plc (NASDAQ:LIN) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,859 shares of the basic materials company’s stock after selling 296 shares during the period. Carr Financial Group Corp’s holdings in Linde were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

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

Linde Stock Down 1.3 %

Shares of LIN opened at $459.48 on Friday. The stock has a 50 day moving average price of $471.60 and a 200 day moving average price of $452.30. Linde plc has a one year low of $390.38 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $218.79 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.96 and a beta of 0.94.

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

Linde Dividend Announcement

The firm also recently announced 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 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Transactions at Linde

In related 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

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.