1,799 Shares in Linde PLC $LIN Purchased by MFG Investments LLC

MFG Investments LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,799 shares of the basic materials company’s stock, valued at approximately $854,000. Linde comprises 1.0% of MFG Investments LLC’s investment portfolio, making the stock its 28th largest holding.

Other large investors also recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new stake in shares of Linde during the 3rd quarter worth $847,000. Carderock Capital Management Inc. purchased a new position in shares of Linde in the 3rd quarter worth $7,498,000. Birch Hill Investment Advisors LLC purchased a new position in shares of Linde in the 3rd quarter worth $1,875,000. First Financial Bank Trust Division acquired a new position in Linde in the third quarter valued at $4,034,000. Finally, Hikari Power Ltd acquired a new position in Linde in the second quarter valued at $20,965,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LIN shares. UBS Group boosted their price target on Linde from $574.00 to $585.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Mizuho set a $583.00 price objective on Linde in a report on Thursday, October 29th. Jefferies Financial Group raised their price objective on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research note on Monday, October 5th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.05.

Linde Price Performance

LIN opened at $511.55 on Wednesday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a 50 day moving average of $484.60 and a two-hundred day moving average of $493.09. The company has a market cap of $234.84 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.07. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter last year, the firm posted $4.21 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 3rd. Linde’s dividend payout ratio is 42.52%.

Linde Company Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.