Linde plc (NASDAQ:LIN) Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its position in Linde plc (NASDAQ:LIN) by 17.8% during the third quarter, HoldingsChannel.com reports. The fund owned 938 shares of the basic materials company’s stock after acquiring an additional 142 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Linde were worth $447,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC raised its holdings in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the last quarter. Prentice Wealth Management LLC increased its position in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC raised its stake in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the period. Finally, Nwam LLC grew its stake in shares of Linde by 2.5% in the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

LIN traded down $4.39 during trading on Friday, reaching $449.10. 2,417,805 shares of the stock were exchanged, compared to its average volume of 1,836,589. 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 company has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.92 and a beta of 0.94. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The business’s 50 day moving average price is $470.08 and its two-hundred day moving average price is $452.64.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. Linde’s dividend payout ratio (DPR) is 42.22%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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 research report on Monday, August 5th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

About Linde

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.