74,403 Shares in Linde plc (NASDAQ:LIN) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,403 shares of the basic materials company’s stock, valued at approximately $33,000.

A number of other institutional investors have also recently made changes to their positions in LIN. Members Trust Co grew its holdings in shares of Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% in the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Valued Wealth Advisors LLC increased its position in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. Finally, 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 purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LIN. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group decreased 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. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Up 0.3 %

Linde stock opened at $465.11 on Thursday. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79. The firm’s 50 day moving average price is $453.18 and its 200-day moving average price is $448.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a market cap of $223.57 billion, a P/E ratio of 36.08, a PEG ratio of 2.86 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.57 EPS. On average, equities analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Linde 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.