Linde plc (NASDAQ:LIN) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,612 shares of the basic materials company’s stock after selling 1,379 shares during the quarter. Linde accounts for 1.6% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 19th largest holding. Fulton Breakefield Broenniman LLC’s holdings in Linde were worth $22,704,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Retirement Group LLC acquired a new position in Linde during the first quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Linde during the 2nd quarter worth $28,000. Scarborough Advisors LLC acquired a new position in shares of Linde during the 4th quarter worth $30,000. Valued Wealth Advisors LLC increased its holdings in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Linde in the second quarter valued at about $42,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.7 %

LIN stock opened at $483.98 on Thursday. The company has a 50 day moving average price of $468.07 and a two-hundred day moving average price of $450.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The stock has a market capitalization of $232.64 billion, a P/E ratio of 37.55, a PEG ratio of 2.94 and a beta of 0.94. Linde plc has a one year low of $361.02 and a one year high of $485.32.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on LIN. Citigroup increased their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group decreased 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.