Carson Advisory Inc. Invests $208,000 in Linde plc (NASDAQ:LIN)

Carson Advisory Inc. bought a new position in shares of Linde plc (NASDAQ:LIN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 437 shares of the basic materials company’s stock, valued at approximately $208,000.

Several other large investors have also modified their holdings of the business. Summit Securities Group LLC purchased a new stake in Linde during the 2nd quarter worth about $28,000. Kozak & Associates Inc. purchased a new stake in shares of Linde during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the third quarter valued at approximately $43,000. J.Safra Asset Management Corp purchased a new position in shares of Linde during the second quarter valued at approximately $42,000. Finally, Hazlett Burt & Watson Inc. boosted its position in Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 1.3 %

LIN opened at $459.48 on Friday. Linde plc has a 52-week low of $390.38 and a 52-week high of $487.49. The firm has a market capitalization of $218.79 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.96 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $471.60 and its 200-day moving average is $452.30.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LIN. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Linde Company 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.