Ashton Thomas Securities LLC Invests $335,000 in Linde plc (NASDAQ:LIN)

Ashton Thomas Securities LLC purchased a new stake in Linde plc (NASDAQ:LIN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 702 shares of the basic materials company’s stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Bank of Canada FI grew its stake in Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares during the last quarter. Vident Advisory LLC grew its position in shares of Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after purchasing an additional 2,337 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares in the last quarter. Tidal Investments LLC raised its position in shares of Linde by 28.7% during the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after purchasing an additional 4,479 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Linde by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after buying an additional 1,564 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Mizuho lifted their target price 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Performance

Linde stock opened at $456.44 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 12 month low of $395.00 and a 12 month high of $487.49. The company has a market cap of $217.34 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The stock’s 50-day moving average is $471.60 and its 200-day moving average is $452.40.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the company posted $3.63 earnings per share. Linde’s revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde’s dividend payout ratio is currently 42.22%.

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.