Linde plc (NASDAQ:LIN) Shares Bought by Brookstone Capital Management

Brookstone Capital Management boosted its stake in shares of Linde plc (NASDAQ:LIN) by 7.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,042 shares of the basic materials company’s stock after purchasing an additional 432 shares during the quarter. Brookstone Capital Management’s holdings in Linde were worth $2,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. National Bank of Canada FI lifted its stake in Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its stake in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after acquiring an additional 2,337 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Linde by 26.4% during the 4th quarter. Gotham Asset Management LLC now owns 25,952 shares of the basic materials company’s stock worth $10,659,000 after acquiring an additional 5,417 shares in the last quarter. Finally, Choate Investment Advisors lifted its stake in Linde by 23.6% during the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after acquiring an additional 3,437 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.0 %

NASDAQ:LIN opened at $469.42 on Friday. The stock’s 50 day moving average price is $465.13 and its 200 day moving average price is $449.85. The company has a market capitalization of $225.64 billion, a PE ratio of 36.42, a P/E/G ratio of 2.98 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. Linde plc has a 52-week low of $361.02 and a 52-week high of $483.36.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share 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 company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the firm earned $3.57 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Linde plc will post 15.54 EPS for the current 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 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 1.18%. Linde’s payout ratio is 43.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the 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 completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

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.