Copperwynd Financial LLC Buys 27 Shares of Linde plc (NASDAQ:LIN)

Copperwynd Financial LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 564 shares of the basic materials company’s stock after purchasing an additional 27 shares during the quarter. Copperwynd Financial LLC’s holdings in Linde were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LIN. Focus Financial Network Inc. ADV acquired a new stake in shares of Linde during the fourth quarter valued at about $532,000. J. W. Coons Advisors LLC boosted its position in Linde by 5.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,244 shares of the basic materials company’s stock worth $1,332,000 after buying an additional 156 shares during the period. Scotia Capital Inc. boosted its position in Linde by 5.7% during the 4th quarter. Scotia Capital Inc. now owns 7,999 shares of the basic materials company’s stock worth $3,285,000 after buying an additional 431 shares during the period. Jones Financial Companies Lllp grew its holdings in Linde by 1.8% during the 4th quarter. Jones Financial Companies Lllp now owns 30,847 shares of the basic materials company’s stock worth $12,669,000 after acquiring an additional 556 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Linde in the 4th quarter valued at approximately $442,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 0.5 %

Shares of LIN stock opened at $479.51 on Monday. The company has a market cap of $228.97 billion, a P/E ratio of 37.20, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The stock has a 50 day simple moving average of $461.49 and a two-hundred day simple moving average of $449.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.57 EPS. Research analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.16%. Linde’s dividend payout ratio is presently 43.13%.

Insider Activity at Linde

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 value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report 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. Citigroup increased their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

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.