Fullcircle Wealth LLC Purchases 38 Shares of Linde plc (NASDAQ:LIN)

Fullcircle Wealth LLC raised its stake in shares of Linde plc (NASDAQ:LIN) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,856 shares of the basic materials company’s stock after purchasing an additional 38 shares during the period. Fullcircle Wealth LLC’s holdings in Linde were worth $1,360,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Linde in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the 2nd quarter worth approximately $33,000. Kozak & Associates Inc. purchased a new position in shares of Linde in the 3rd quarter worth approximately $34,000. J.Safra Asset Management Corp purchased a new position in shares of Linde in the 2nd quarter worth approximately $42,000. Finally, Bangor Savings Bank lifted its stake in Linde by 62.9% in the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Up 0.3 %

Shares of Linde stock traded up $1.16 during trading on Friday, reaching $457.31. 2,347,398 shares of the stock were exchanged, compared to its average volume of 1,834,612. 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 stock’s fifty day moving average is $472.87 and its 200 day moving average is $451.82. The firm has a market cap of $218.37 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde plc has a 1 year low of $385.12 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 earnings per share. As a group, equities research analysts expect that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is currently 42.31%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% 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.