Crestwood Advisors Group LLC Buys 311 Shares of Linde plc (NASDAQ:LIN)

Crestwood Advisors Group LLC boosted its stake in Linde plc (NASDAQ:LIN) by 21.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,779 shares of the basic materials company’s stock after acquiring an additional 311 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Linde were worth $848,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LIN. Summit Securities Group LLC bought a new stake in Linde in the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC bought a new stake in Linde in the 2nd quarter valued at $33,000. Kozak & Associates Inc. bought a new stake in Linde in the 3rd quarter valued at $34,000. J.Safra Asset Management Corp bought a new stake in Linde in the 2nd quarter valued at $42,000. Finally, Bangor Savings Bank lifted its position in Linde by 62.9% in the 2nd quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 39 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. UBS Group cut their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup raised their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Down 0.7 %

Shares of LIN stock opened at $454.89 on Wednesday. The firm has a 50 day moving average price of $472.32 and a two-hundred day moving average price of $452.04. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $216.60 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.90 and a beta of 0.94. Linde plc has a 12-month low of $385.12 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. As a group, analysts predict that Linde plc will post 15.49 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

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.