Zevin Asset Management LLC Raises Position in Linde plc (NASDAQ:LIN)

Zevin Asset Management LLC boosted its stake in Linde plc (NASDAQ:LIN) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,792 shares of the basic materials company’s stock after buying an additional 382 shares during the quarter. Linde makes up approximately 2.9% of Zevin Asset Management LLC’s portfolio, making the stock its 11th largest holding. Zevin Asset Management LLC’s holdings in Linde were worth $18,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Braun Stacey Associates Inc. increased its holdings in shares of Linde by 0.9% during the 3rd quarter. Braun Stacey Associates Inc. now owns 27,690 shares of the basic materials company’s stock worth $13,204,000 after buying an additional 238 shares during the last quarter. GLOBALT Investments LLC GA increased its holdings in shares of Linde by 2.1% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,341 shares of the basic materials company’s stock worth $1,593,000 after buying an additional 70 shares during the last quarter. MAI Capital Management increased its holdings in shares of Linde by 1.8% during the 3rd quarter. MAI Capital Management now owns 28,890 shares of the basic materials company’s stock worth $13,777,000 after buying an additional 521 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Linde by 4.5% during the 3rd quarter. AMG National Trust Bank now owns 3,391 shares of the basic materials company’s stock worth $1,617,000 after buying an additional 146 shares during the last quarter. Finally, S&CO Inc. increased its holdings in shares of Linde by 0.4% during the 3rd quarter. S&CO Inc. now owns 26,094 shares of the basic materials company’s stock worth $12,443,000 after buying an additional 96 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays boosted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America upped their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Linde Stock Performance

NASDAQ LIN opened at $449.10 on Monday. 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 plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a market capitalization of $213.84 billion, a PE ratio of 34.10, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a fifty day moving average of $470.08 and a two-hundred day moving average of $452.79.

Linde (NASDAQ:LIN) last announced 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 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.63 earnings per share. As a group, analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

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

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.