PFG Investments LLC Purchases 76 Shares of Linde plc (NASDAQ:LIN)

PFG Investments LLC raised its holdings in Linde plc (NASDAQ:LIN) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,313 shares of the basic materials company’s stock after purchasing an additional 76 shares during the quarter. PFG Investments LLC’s holdings in Linde were worth $1,103,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Retirement Group LLC bought a new position in shares of Linde in the first quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Linde in the second quarter valued at approximately $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the second quarter worth $33,000. Kozak & Associates Inc. acquired a new position in shares of Linde during the third quarter worth $34,000. Finally, J.Safra Asset Management Corp bought a new position in shares of Linde in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

Shares of Linde stock opened at $473.76 on Monday. The stock’s 50-day moving average is $472.24 and its 200 day moving average is $451.20. Linde plc has a one year low of $366.12 and a one year high of $487.49. The firm has a market cap of $226.22 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 EPS. Equities research analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. Citigroup upped their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Activity

In other Linde 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 value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.