Jackson Wealth Management LLC Purchases 3,996 Shares of Linde plc (NASDAQ:LIN)

Jackson Wealth Management LLC lifted its stake in Linde plc (NASDAQ:LIN) by 76.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,217 shares of the basic materials company’s stock after purchasing an additional 3,996 shares during the period. Jackson Wealth Management LLC’s holdings in Linde were worth $4,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC raised its position in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its position in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 23 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC increased its holdings in Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after buying an additional 23 shares during the period. Finally, Valued Wealth Advisors LLC increased its holdings in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 1.0 %

NASDAQ LIN traded down $4.74 during trading on Thursday, hitting $472.69. The stock had a trading volume of 183,917 shares, compared to its average volume of 1,817,651. Linde plc has a twelve month low of $362.33 and a twelve month high of $487.49. The company has a market capitalization of $227.21 billion, a PE ratio of 37.04, a PEG ratio of 3.08 and a beta of 0.94. 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 firm has a 50 day moving average price of $471.54 and a 200 day moving average price of $450.99.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. The firm 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 firm’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 earnings per share. As a group, equities research analysts forecast that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, Barclays lifted their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

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.