Linde plc (NASDAQ:LIN) Shares Purchased by Fulcrum Capital LLC

Fulcrum Capital LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,764 shares of the basic materials company’s stock after acquiring an additional 82 shares during the period. Linde comprises 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 28th largest position. Fulcrum Capital LLC’s holdings in Linde were worth $6,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Group LLC acquired a new stake in Linde during the first quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Linde during the second quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the second quarter worth about $33,000. Valued Wealth Advisors LLC grew its holdings in Linde by 49.0% in the first 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 period. Finally, Kozak & Associates Inc. acquired a new stake in Linde in the third quarter valued at approximately $34,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Linde Stock Performance

NASDAQ LIN opened at $477.43 on Thursday. Linde plc has a 1-year low of $362.33 and a 1-year high of $487.49. The company has a market cap of $227.97 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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’s 50 day simple moving average is $471.54 and its 200-day simple moving average is $450.99.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the business posted $3.57 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.16%. Linde’s payout ratio is 42.31%.

Wall Street Analysts Forecast Growth

Several analysts have commented on LIN shares. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.