Linde plc (NASDAQ:LIN) Shares Purchased by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 19.5% in the third quarter, Holdings Channel reports. The firm owned 985 shares of the basic materials company’s stock after buying an additional 161 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Linde were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its stake in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 23 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the period. Valued Wealth Advisors LLC lifted its stake in shares of Linde by 49.0% in the 1st 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 period. CNB Bank lifted its stake in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 24 shares during the period. Finally, Nwam LLC lifted 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 worth $421,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $469.44 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $464.43 and a two-hundred day moving average price of $449.71. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36. The company has a market capitalization of $225.65 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94.

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

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.18%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIN. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

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.