48,053 Shares in Linde plc (NASDAQ:LIN) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new position in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 48,053 shares of the basic materials company’s stock, valued at approximately $22,915,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after acquiring an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Linde by 7.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after purchasing an additional 218,746 shares during the period. Impax Asset Management Group plc lifted its position in shares of Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after purchasing an additional 56,775 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Linde by 8.7% in the second quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after purchasing an additional 160,355 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Linde by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after acquiring an additional 23,155 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the business’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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday. Finally, Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Down 1.0 %

Shares of Linde stock opened at $444.06 on Wednesday. The company’s fifty day moving average price is $469.39 and its two-hundred day moving average price is $453.14. The firm has a market capitalization of $211.44 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. 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 issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $3.63 earnings per share. On average, analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued 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 1.25%. Linde’s dividend payout ratio is 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.