Linde plc (NASDAQ:LIN) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,101 shares of the basic materials company’s stock after acquiring an additional 80 shares during the period. Duncan Williams Asset Management LLC’s holdings in Linde were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Retirement Group LLC acquired a new stake in shares of Linde during the first quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Linde during the second quarter worth about $28,000. Scarborough Advisors LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde during the second quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC boosted its position in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $484.18.

Linde Stock Down 1.3 %

LIN opened at $469.75 on Friday. The firm has a 50 day moving average price of $463.83 and a 200 day moving average price of $449.95. The company has a market cap of $224.31 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year high of $483.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the company earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Insider Buying and Selling at Linde

In other 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 transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

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.