Dillon & Associates Inc. Acquires Shares of 490 Linde plc (NASDAQ:LIN)

Dillon & Associates Inc. bought a new position in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 490 shares of the basic materials company’s stock, valued at approximately $234,000.

Other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC lifted its holdings in shares of Linde by 20.1% during the third quarter. Aptus Capital Advisors LLC now owns 51,817 shares of the basic materials company’s stock valued at $24,709,000 after purchasing an additional 8,676 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Linde by 38.3% during the 3rd quarter. Savvy Advisors Inc. now owns 1,030 shares of the basic materials company’s stock valued at $491,000 after acquiring an additional 285 shares during the period. Winslow Asset Management Inc. boosted its holdings in shares of Linde by 0.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 18,163 shares of the basic materials company’s stock valued at $8,661,000 after acquiring an additional 71 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Linde by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,475,664 shares of the basic materials company’s stock worth $703,685,000 after acquiring an additional 65,288 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Linde by 29.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,100 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of several research reports. 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 price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.2 %

LIN opened at $455.59 on Wednesday. The stock has a market cap of $216.93 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. 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 firm’s fifty day moving average is $471.16 and its 200 day moving average is $452.49. Linde plc has a fifty-two week low of $395.00 and a fifty-two week high of $487.49.

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

Linde Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

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.