Linde plc (NASDAQ:LIN) Shares Purchased by Haverford Trust Co

Haverford Trust Co lifted its position in Linde plc (NASDAQ:LIN) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,196 shares of the basic materials company’s stock after acquiring an additional 376 shares during the period. Haverford Trust Co’s holdings in Linde were worth $4,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in Linde by 566.9% in the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after purchasing an additional 1,558,538 shares during the last quarter. Swedbank AB purchased a new stake in shares of Linde during the 2nd quarter worth about $420,720,000. International Assets Investment Management LLC boosted its stake in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after acquiring an additional 934,123 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Linde during the 1st quarter worth about $210,480,000. Finally, AMF Tjanstepension AB boosted its stake in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Linde Stock Up 0.1 %

LIN stock opened at $456.24 on Thursday. The company has a market cap of $217.24 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 2.92 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The firm has a 50-day moving average of $470.79 and a two-hundred day moving average of $452.58.

Linde (NASDAQ:LIN) last announced 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. The business 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 was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 EPS. As a group, analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. 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 dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LIN shares. Barclays increased their target price 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. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.