1,599 Shares of Linde PLC $LIN Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,599 shares of the basic materials company’s stock, valued at approximately $826,000.

Several other hedge funds also recently modified their holdings of the stock. Avantax Planning Partners Inc. acquired a new position in shares of Linde in the 3rd quarter valued at $2,275,000. Brighton Jones LLC acquired a new position in Linde during the third quarter worth about $4,605,000. Kimelman & Baird LLC acquired a new stake in Linde in the 3rd quarter valued at about $17,385,000. Ethic Inc. raised its position in Linde by 3.7% during the third quarter. Ethic Inc. now owns 14,446 shares of the basic materials company’s stock worth $6,857,000 after acquiring an additional 512 shares during the last quarter. Finally, StoneX Group Inc. purchased a new stake in shares of Linde in the third quarter valued at about $2,303,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 9,350 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $518.91, for a total transaction of $4,851,808.50. Following the transaction, the vice president owned 22,138 shares in the company, valued at approximately $11,487,629.58. This represents a 29.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Matthew White sold 86,833 shares of Linde stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $521.21, for a total transaction of $45,258,227.93. Following the transaction, the chief financial officer owned 50,733 shares of the company’s stock, valued at $26,442,546.93. This represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Evercore increased their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. KeyCorp raised their price target on shares of Linde from $542.00 to $545.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Mizuho set a $583.00 price target on shares of Linde in a research report on Thursday, October 29th. Finally, Weiss Ratings downgraded shares of Linde from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.05.

Linde Price Performance

Shares of LIN stock opened at $521.78 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The firm has a fifty day moving average of $487.83 and a 200-day moving average of $495.12. The firm has a market capitalization of $239.54 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.67.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.07. Linde had a return on equity of 20.32% and a net margin of 19.34%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company posted $4.21 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a $1.60 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.52%.

Linde Profile

Linde plc is a global industrial gases and engineering company. It produces and supplies atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium and specialty gases. The company also designs and builds equipment and facilities used to produce and process gases. Linde serves customers across industries including healthcare, manufacturing, chemicals, food and beverage, electronics and energy. Its operations span the Americas, Europe, the Middle East and Africa, and Asia-Pacific.