Linde plc (NASDAQ:LIN) Shares Purchased by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC raised its holdings in shares of Linde plc (NASDAQ:LIN) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 10,064 shares of the basic materials company’s stock after buying an additional 128 shares during the period. Timber Creek Capital Management LLC’s holdings in Linde were worth $4,799,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter valued at approximately $28,000. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the 3rd quarter worth approximately $43,000. J.Safra Asset Management Corp acquired a new position in shares of Linde in the 2nd quarter worth approximately $42,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Linde by 133.3% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Linde Stock Up 0.8 %

Shares of Linde stock opened at $460.99 on Friday. The business’s fifty day moving average price is $467.20 and its two-hundred day moving average price is $454.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $219.50 billion, a P/E ratio of 35.00, a PEG ratio of 2.95 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LIN shares. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price 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.