DRW Securities LLC Sells 6,711 Shares of Linde plc (NASDAQ:LIN)

DRW Securities LLC reduced its stake in shares of Linde plc (NASDAQ:LIN) by 91.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 653 shares of the basic materials company’s stock after selling 6,711 shares during the period. DRW Securities LLC’s holdings in Linde were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Linde by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after buying an additional 218,746 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after buying an additional 50,882 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Linde by 2.4% in the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in 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 buying an additional 160,355 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LIN. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Trading Up 0.1 %

NASDAQ LIN opened at $457.12 on Thursday. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $217.66 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The business’s 50-day moving average price is $467.66 and its two-hundred day moving average price is $454.02.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the business posted $3.63 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

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

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

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.