Freedom Day Solutions LLC Increases Holdings in Linde plc (NASDAQ:LIN)

Freedom Day Solutions LLC raised its holdings in shares of Linde plc (NASDAQ:LIN) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,357 shares of the basic materials company’s stock after acquiring an additional 34 shares during the quarter. Freedom Day Solutions LLC’s holdings in Linde were worth $2,554,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in LIN. Silver Oak Securities Incorporated raised its holdings in Linde by 247.8% during the third quarter. Silver Oak Securities Incorporated now owns 1,965 shares of the basic materials company’s stock worth $940,000 after purchasing an additional 1,400 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new position in shares of Linde during the 3rd quarter worth $1,032,000. Dakota Wealth Management grew its position in shares of Linde by 5.0% in the third quarter. Dakota Wealth Management now owns 9,004 shares of the basic materials company’s stock valued at $4,294,000 after purchasing an additional 431 shares during the last quarter. Values First Advisors Inc. increased its position in Linde by 5.6% during the third quarter. Values First Advisors Inc. now owns 736 shares of the basic materials company’s stock worth $351,000 after buying an additional 39 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in Linde by 26.0% in the 3rd quarter. DT Investment Partners LLC now owns 155 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 32 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The shares were 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 $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 target price on shares of Linde in a research report on Friday, August 30th. UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Citigroup raised 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. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Barclays boosted their target price 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 given a buy rating to the company. According to MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Performance

Shares of LIN opened at $474.46 on Friday. 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 company’s fifty day moving average price is $471.54 and its 200 day moving average price is $450.99. The company has a market capitalization of $226.55 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. Linde plc has a one year low of $362.33 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating 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 company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.57 EPS. As a group, analysts expect that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. 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 1.17%. Linde’s payout ratio is presently 42.31%.

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.