Concord Asset Management LLC VA Buys 510 Shares of Linde plc (NASDAQ:LIN)

Concord Asset Management LLC VA raised its stake in Linde plc (NASDAQ:LIN) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,751 shares of the basic materials company’s stock after acquiring an additional 510 shares during the period. Concord Asset Management LLC VA’s holdings in Linde were worth $2,266,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Linde during the second quarter valued at $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Linde during the 2nd quarter valued at about $33,000. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter valued at about $34,000. J.Safra Asset Management Corp purchased a new position in Linde in the second quarter worth about $42,000. Finally, Capital Performance Advisors LLP bought a new stake in Linde during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $449.10 on Friday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market capitalization of $213.84 billion, a PE ratio of 34.10, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a 50 day moving average price of $470.08 and a 200-day moving average price of $452.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Bank of America increased their price objective 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. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Activity

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

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.