Linde plc (NASDAQ:LIN) Shares Purchased by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 19.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 985 shares of the basic materials company’s stock after acquiring an additional 161 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Linde were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIN. Vanguard Group Inc. boosted its holdings in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Linde by 3.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock valued at $1,624,462,000 after purchasing an additional 138,585 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after purchasing an additional 15,187 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after purchasing an additional 218,746 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $469.44 on Wednesday. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The firm’s 50 day moving average price is $464.43 and its 200 day moving average price is $449.71. 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 $225.65 billion, a P/E ratio of 36.42, a PEG ratio of 2.98 and a beta of 0.94.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LIN shares. 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. JPMorgan Chase & Co. upped their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Barclays upped their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group decreased their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.