600 Shares in Linde plc (NASDAQ:LIN) Acquired by Montchanin Asset Management LLC

Montchanin Asset Management LLC purchased a new position in Linde plc (NASDAQ:LIN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 600 shares of the basic materials company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Linde during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the 2nd quarter worth about $33,000. Kozak & Associates Inc. purchased a new position in shares of Linde in the 3rd quarter valued at about $34,000. J.Safra Asset Management Corp purchased a new stake in Linde during the second quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP acquired a new position in Linde in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

LIN has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Up 0.2 %

LIN stock opened at $449.44 on Friday. The company’s 50-day moving average price is $464.81 and its 200 day moving average price is $455.18. The company has a market cap of $214.01 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.94 and a beta of 0.93. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) 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 business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the firm posted $3.63 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The business 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 dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

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.