Linde plc (NASDAQ:LIN) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its position in shares of Linde plc (NASDAQ:LIN) by 34.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,164 shares of the basic materials company’s stock after purchasing an additional 550 shares during the quarter. Moors & Cabot Inc.’s holdings in Linde were worth $950,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LIN. Retirement Group LLC acquired a new position in shares of Linde during the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Linde in the 2nd quarter worth $28,000. Scarborough Advisors LLC acquired a new position in shares of Linde in the 4th quarter worth $30,000. Johnson Financial Group Inc. grew its holdings in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 24 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Linde in the 2nd quarter worth $33,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $8,136,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LIN shares. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Finally, Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Price Performance

LIN opened at $467.03 on Thursday. The stock has a market cap of $224.49 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.93 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year high of $479.79. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $456.76 and a 200 day moving average price of $449.13.

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, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter last year, the firm earned $3.57 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.19%. Linde’s dividend payout ratio is currently 43.13%.

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.