Portside Wealth Group LLC Buys 52 Shares of Linde plc (NASDAQ:LIN)

Portside Wealth Group LLC increased its stake in Linde plc (NASDAQ:LIN) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 789 shares of the basic materials company’s stock after buying an additional 52 shares during the period. Portside Wealth Group LLC’s holdings in Linde were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Summit Securities Group LLC bought a new stake in shares of Linde during the 2nd quarter valued at $28,000. Kozak & Associates Inc. purchased a new stake in Linde in the third quarter worth about $34,000. J.Safra Asset Management Corp bought a new position in shares of Linde during the second quarter valued at approximately $42,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the last quarter. Finally, Bangor Savings Bank boosted its position in shares of Linde by 62.9% in the 2nd quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Linde Trading Down 1.3 %

NASDAQ:LIN opened at $459.48 on Friday. The company has a 50 day simple moving average of $471.60 and a two-hundred day simple moving average of $452.30. The company has a market cap of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. 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 12 month low of $390.38 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde’s dividend payout ratio (DPR) is 42.22%.

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.