Nwam LLC Buys Shares of 1,037 Linde plc (NASDAQ:LIN)

Nwam LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,037 shares of the basic materials company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its stake in shares of Linde by 9.5% in the third quarter. Meridian Wealth Management LLC now owns 1,801 shares of the basic materials company’s stock worth $859,000 after purchasing an additional 156 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in Linde by 202.8% during the third quarter. Icon Wealth Advisors LLC now owns 11,484 shares of the basic materials company’s stock valued at $5,476,000 after purchasing an additional 7,691 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Linde by 0.9% in the 3rd quarter. Raymond James Trust N.A. now owns 9,975 shares of the basic materials company’s stock worth $4,757,000 after acquiring an additional 88 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after acquiring an additional 50,882 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Linde by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 70,422 shares of the basic materials company’s stock worth $33,581,000 after acquiring an additional 2,772 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LIN shares. Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Trading Down 0.1 %

NASDAQ LIN opened at $454.78 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market capitalization of $216.55 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The company’s 50-day simple moving average is $468.54 and its two-hundred day simple moving average is $453.66. Linde plc has a one year low of $396.07 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 EPS. Equities analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

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.