565 Shares in Linde plc (NASDAQ:LIN) Acquired by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) during the third quarter, HoldingsChannel.com reports. The fund purchased 565 shares of the basic materials company’s stock, valued at approximately $269,000.

A number of other hedge funds also recently made changes to their positions in LIN. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares in the last quarter. Tidal Investments LLC increased its position in shares of Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after acquiring an additional 4,479 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Linde by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after acquiring an additional 1,564 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Linde by 0.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after acquiring an additional 1,811 shares during the period. Finally, M&G Plc lifted its holdings in shares of Linde by 1.2% during the 2nd quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock valued at $81,611,000 after acquiring an additional 2,252 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

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 completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

LIN has been the topic of several research reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised 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. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Performance

Shares of LIN stock opened at $455.69 on Tuesday. The stock has a market capitalization of $216.98 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.91 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company’s 50-day simple moving average is $468.16 and its 200-day simple moving average is $453.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders 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 yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

About Linde

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.