Kowal Investment Group LLC Invests $211,000 in Linde plc (NASDAQ:LIN)

Kowal Investment Group LLC acquired a new stake in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 442 shares of the basic materials company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in shares of 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 valued at $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after buying an additional 2,337 shares during the period. Choate Investment Advisors raised its holdings in Linde by 23.6% in the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after buying an additional 3,437 shares during the last quarter. Norden Group LLC bought a new position in Linde in the 1st quarter valued at approximately $5,041,000. Finally, Tidal Investments LLC boosted its position in Linde by 28.7% during the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.4 %

NASDAQ LIN opened at $486.06 on Friday. Linde plc has a 52 week low of $361.02 and a 52 week high of $487.49. The business has a 50 day moving average price of $468.84 and a 200-day moving average price of $450.50. 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 market cap of $233.64 billion, a price-to-earnings ratio of 37.71, a P/E/G ratio of 2.94 and a beta of 0.94.

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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the firm earned $3.57 earnings per share. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.14%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. Bank of America raised their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. UBS Group cut their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Citigroup upped their target price on Linde from $470.00 to $480.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.