Teamwork Financial Advisors LLC Acquires Shares of 591 Linde plc (NASDAQ:LIN)

Teamwork Financial Advisors LLC bought a new position in shares of Linde plc (NASDAQ:LIN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 591 shares of the basic materials company’s stock, valued at approximately $282,000.

A number of other institutional investors have also made changes to their positions in the business. Fisher Asset Management LLC boosted its position in Linde by 28.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,318 shares of the basic materials company’s stock worth $541,000 after purchasing an additional 288 shares during the period. Meyer Handelman Co. acquired a new stake in shares of Linde during the 1st quarter worth about $230,000. &PARTNERS boosted its holdings in shares of Linde by 202.1% during the 1st quarter. &PARTNERS now owns 2,169 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 1,451 shares during the period. Douglas Lane & Associates LLC grew its stake in Linde by 7.9% in the 1st quarter. Douglas Lane & Associates LLC now owns 1,427 shares of the basic materials company’s stock valued at $663,000 after buying an additional 104 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in Linde by 14.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,425 shares of the basic materials company’s stock valued at $662,000 after acquiring an additional 178 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LIN. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Finally, Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Performance

Linde stock opened at $486.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market cap of $232.28 billion, a PE ratio of 37.02, a P/E/G ratio of 2.99 and a beta of 0.94. Linde plc has a 12-month low of $361.02 and a 12-month high of $487.49. The business’s 50-day moving average price is $469.63 and its two-hundred day moving average price is $450.66.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.57 EPS. As a group, analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given 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 yield of 1.14%. Linde’s dividend payout ratio is currently 42.31%.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate 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.