CreativeOne Wealth LLC Buys 528 Shares of Linde plc (NASDAQ:LIN)

CreativeOne Wealth LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,107 shares of the basic materials company’s stock after purchasing an additional 528 shares during the period. CreativeOne Wealth LLC’s holdings in Linde were worth $1,482,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC increased its stake in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its position 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 valued at $652,000 after acquiring an additional 23 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the business’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 transaction, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Up 0.1 %

Shares of LIN stock opened at $457.12 on Friday. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The firm has a fifty day moving average price of $467.42 and a 200-day moving average price of $454.04. The company has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.93 and a beta of 0.94. 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 (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $3.63 earnings per share. As a group, equities analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America raised their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.