Linde plc (NASDAQ:LIN) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 13.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,024 shares of the basic materials company's stock after purchasing an additional 2,381 shares during the quarter. Tidal Investments LLC's holdings in Linde were worth $9,549,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trifecta Capital Advisors LLC increased its holdings in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC increased its stake in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC raised its holdings in Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock valued at $1,290,000 after acquiring an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after acquiring an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company's stock worth $195,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company's stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company's stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Performance

Linde stock traded down $2.75 during midday trading on Friday, hitting $435.75. 1,439,786 shares of the company's stock were exchanged, compared to its average volume of 1,856,642. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market cap of $207.49 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The firm's 50 day simple moving average is $462.19 and its 200 day simple moving average is $455.24.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the company posted $3.63 earnings per share. The business's revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid 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 1.28%. Linde's dividend payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Erste Group Bank restated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $490.75.

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.