Linde plc (NASDAQ:LIN) Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA grew its stake in shares of Linde plc (NASDAQ:LIN) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,341 shares of the basic materials company’s stock after buying an additional 70 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Linde were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in LIN. National Bank of Canada FI raised its position in Linde by 46.9% in the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its stake in Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after purchasing an additional 2,337 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after buying an additional 2,312 shares in the last quarter. Tidal Investments LLC boosted its holdings in Linde by 28.7% during the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Linde by 3.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after buying an additional 1,564 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. 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. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Trading Down 0.1 %

Linde stock opened at $448.57 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.96 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 company’s fifty day simple moving average is $469.79 and its 200-day simple moving average is $453.00. The stock has a market cap of $213.59 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.88 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. As a group, sell-side analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

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

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated 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 approximately $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.