Thurston Springer Miller Herd & Titak Inc. Purchases 1,282 Shares of Linde plc (NASDAQ:LIN)

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Linde plc (NASDAQ:LIN) by 26.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,149 shares of the basic materials company’s stock after buying an additional 1,282 shares during the period. Linde accounts for approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 14th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Linde were worth $2,932,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LIN. Vanguard Group Inc. boosted its holdings in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares during the period. Ameriprise Financial Inc. boosted its holdings in Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after purchasing an additional 15,187 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after purchasing an additional 218,746 shares during the period. Clearbridge Investments LLC boosted its holdings in Linde by 8.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after purchasing an additional 160,355 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Linde by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock valued at $906,730,000 after purchasing an additional 23,155 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 1.0 %

Shares of Linde stock opened at $474.04 on Monday. The stock has a market capitalization of $227.86 billion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. 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 company has a 50-day simple moving average of $465.85 and a 200 day simple moving average of $449.80. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $3.57 EPS. Research analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is presently 43.13%.

Analysts Set New Price Targets

LIN has been the subject of a number of research reports. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated 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 owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% 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.