Fulcrum Capital LLC Boosts Stake in Linde plc (NASDAQ:LIN)

Fulcrum Capital LLC raised its holdings in Linde plc (NASDAQ:LIN) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,764 shares of the basic materials company’s stock after purchasing an additional 82 shares during the quarter. Linde accounts for 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 28th largest holding. Fulcrum Capital LLC’s holdings in Linde were worth $6,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wallington Asset Management LLC raised its position in Linde by 3.1% in the third quarter. Wallington Asset Management LLC now owns 70,805 shares of the basic materials company’s stock valued at $33,764,000 after purchasing an additional 2,106 shares during the period. Guidance Capital Inc. raised its position in Linde by 2.2% in the third quarter. Guidance Capital Inc. now owns 1,686 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 37 shares during the period. TFG Advisers LLC raised its position in Linde by 0.7% in the third quarter. TFG Advisers LLC now owns 3,639 shares of the basic materials company’s stock valued at $1,735,000 after purchasing an additional 27 shares during the period. Greenleaf Trust raised its position in Linde by 4.0% in the third quarter. Greenleaf Trust now owns 10,007 shares of the basic materials company’s stock valued at $4,772,000 after purchasing an additional 386 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Linde by 175.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 6,240 shares of the basic materials company’s stock valued at $2,976,000 after buying an additional 3,974 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LIN. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Down 0.9 %

LIN opened at $477.43 on Thursday. Linde plc has a 12 month low of $362.33 and a 12 month high of $487.49. The stock has a market capitalization of $227.97 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The business has a fifty day moving average price of $471.54 and a 200 day moving average price of $450.99.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 EPS. Sell-side analysts expect that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.16%. Linde’s dividend payout ratio is currently 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

About Linde

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.