Linde plc (NASDAQ:LIN) Stock Holdings Raised by Zevin Asset Management LLC

Zevin Asset Management LLC raised its stake in Linde plc (NASDAQ:LIN) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 39,792 shares of the basic materials company’s stock after purchasing an additional 382 shares during the period. Linde accounts for approximately 2.9% of Zevin Asset Management LLC’s holdings, making the stock its 11th biggest holding. Zevin Asset Management LLC’s holdings in Linde were worth $18,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LIN. Swedbank AB acquired a new position in Linde during the 2nd quarter valued at about $420,720,000. International Assets Investment Management LLC boosted its stake in 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 valued at $446,377,000 after purchasing an additional 934,123 shares during the period. iA Global Asset Management Inc. acquired a new position in Linde during the 1st quarter valued at about $210,480,000. AMF Tjanstepension AB boosted its stake in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. Finally, KBC Group NV boosted its stake in Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after purchasing an additional 353,136 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Linde Price Performance

NASDAQ:LIN opened at $449.10 on Monday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The stock has a market cap of $213.84 billion, a P/E ratio of 34.10, a PEG ratio of 2.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a fifty day moving average price of $470.08 and a 200 day moving average price of $452.79.

Linde (NASDAQ:LIN) last announced 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the company posted $3.63 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.