Silver Oak Securities Incorporated Buys 1,400 Shares of Linde plc (NASDAQ:LIN)

Silver Oak Securities Incorporated grew its stake in shares of Linde plc (NASDAQ:LIN) by 247.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,965 shares of the basic materials company’s stock after buying an additional 1,400 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Linde were worth $940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Retirement Group LLC bought a new position in shares of Linde in the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in Linde during the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC bought a new position in Linde during the 2nd quarter valued at approximately $33,000. Valued Wealth Advisors LLC increased its position in 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 buying an additional 24 shares in the last quarter. Finally, Kozak & Associates Inc. bought a new position in Linde during the 3rd quarter valued at approximately $34,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LIN. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Citigroup raised their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Insider Transactions at Linde

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 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. The trade was 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 this hyperlink. Insiders own 0.60% of the company’s stock.

Linde Price Performance

NASDAQ:LIN opened at $473.76 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 business’s 50-day simple moving average is $471.90 and its two-hundred day simple moving average is $451.15. The stock has a market cap of $226.22 billion, a PE ratio of 36.05, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a 52 week low of $366.12 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.92% and a net margin of 19.49%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.57 earnings per share. As a group, analysts forecast that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

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

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.