Pinnacle Financial Partners Inc Buys 43 Shares of Linde plc (NASDAQ:LIN)

Pinnacle Financial Partners Inc increased its position in shares of Linde plc (NASDAQ:LIN) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,752 shares of the basic materials company’s stock after buying an additional 43 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Linde were worth $12,284,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Souders Financial Advisors increased its position in shares of Linde by 9.8% during the third quarter. Souders Financial Advisors now owns 10,086 shares of the basic materials company’s stock valued at $4,810,000 after acquiring an additional 900 shares during the last quarter. Haverford Trust Co grew its holdings in Linde by 3.8% during the third quarter. Haverford Trust Co now owns 10,196 shares of the basic materials company’s stock valued at $4,862,000 after purchasing an additional 376 shares during the period. Empower Advisory Group LLC increased its position in Linde by 6.9% in the third quarter. Empower Advisory Group LLC now owns 172,304 shares of the basic materials company’s stock worth $82,165,000 after buying an additional 11,151 shares during the last quarter. Dillon & Associates Inc. purchased a new position in shares of Linde during the 3rd quarter valued at $234,000. Finally, Aptus Capital Advisors LLC grew its stake in shares of Linde by 20.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 51,817 shares of the basic materials company’s stock worth $24,709,000 after acquiring an additional 8,676 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six research 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 an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Down 0.2 %

Shares of NASDAQ:LIN opened at $455.59 on Wednesday. The firm has a fifty day moving average of $470.79 and a 200 day moving average of $452.58. Linde plc has a 52-week low of $395.00 and a 52-week high of $487.49. 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 has a market capitalization of $216.93 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the company earned $3.63 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

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

Insider Buying and Selling at Linde

In other Linde 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 value of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, 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 at the SEC website. 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.