Terril Brothers Inc. Acquires 221 Shares of Linde PLC $LIN

Terril Brothers Inc. boosted its holdings in Linde PLC (NASDAQ:LIN) by 44.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 714 shares of the basic materials company’s stock after purchasing an additional 221 shares during the period. Terril Brothers Inc.’s holdings in Linde were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Nuveen LLC acquired a new position in Linde during the 1st quarter valued at $2,097,793,000. Deutsche Bank AG increased its holdings in shares of Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares during the period. Wellington Management Group LLP increased its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Linde during the first quarter valued at about $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after buying an additional 453,108 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Stock Down 0.5%

Shares of NASDAQ:LIN opened at $429.91 on Friday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The company’s 50-day moving average price is $466.66 and its two-hundred day moving average price is $464.58. The firm has a market cap of $201.59 billion, a P/E ratio of 30.58, a P/E/G ratio of 2.85 and a beta of 0.93. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 earnings per share. As a group, research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is 42.67%.

Analysts Set New Price Targets

LIN has been the topic of several research reports. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $520.00.

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.