Custom Index Systems LLC Takes Position in Linde plc (NASDAQ:LIN)

Custom Index Systems LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,109 shares of the basic materials company’s stock, valued at approximately $529,000.

Other large investors have also added to or reduced their stakes in the company. Motiv8 Investments LLC boosted its holdings in shares of Linde by 18.5% during the 3rd quarter. Motiv8 Investments LLC now owns 1,759 shares of the basic materials company’s stock worth $839,000 after buying an additional 275 shares in the last quarter. Park Edge Advisors LLC lifted its position in shares of Linde by 17.3% during the 3rd quarter. Park Edge Advisors LLC now owns 2,984 shares of the basic materials company’s stock valued at $1,423,000 after acquiring an additional 440 shares during the period. State of Alaska Department of Revenue boosted its stake in Linde by 4.2% during the third quarter. State of Alaska Department of Revenue now owns 56,922 shares of the basic materials company’s stock worth $27,143,000 after acquiring an additional 2,320 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in Linde by 6.4% in the third quarter. Clear Harbor Asset Management LLC now owns 1,489 shares of the basic materials company’s stock valued at $710,000 after purchasing an additional 90 shares in the last quarter. Finally, Smith Salley Wealth Management increased its stake in Linde by 2.7% in the third quarter. Smith Salley Wealth Management now owns 45,961 shares of the basic materials company’s stock valued at $21,917,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

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 transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. increased their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America boosted 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. Finally, Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Stock Down 0.1 %

LIN stock traded down $0.70 during trading on Friday, reaching $473.76. The stock had a trading volume of 2,458,462 shares, compared to its average volume of 1,824,661. 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 capitalization of $226.22 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a one year low of $366.12 and a one year high of $487.49. The company’s 50 day moving average is $472.24 and its two-hundred day moving average is $451.19.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.57 EPS. Equities research analysts forecast that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is presently 42.31%.

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.