Linde plc (NASDAQ:LIN) Shares Bought by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600 shares of the basic materials company’s stock after acquiring an additional 128 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Linde were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the second quarter worth approximately $33,000. Kozak & Associates Inc. purchased a new position in Linde during the third quarter valued at approximately $34,000. J.Safra Asset Management Corp purchased a new stake in Linde in the 2nd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter valued at $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN opened at $456.24 on Thursday. The company has a market capitalization of $217.24 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company’s fifty day moving average price is $470.79 and its 200 day moving average price is $452.58.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $8.39 billion. During the same period in the previous year, the company posted $3.63 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity

In other Linde news, VP John Panikar sold 10,025 shares of the 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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $490.75.

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.