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

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

Several other institutional investors have also modified their holdings of the stock. Seven Eight Capital LP purchased a new position in Linde in the 1st quarter valued at $550,000. National Bank of Canada FI lifted its stake in shares of 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 buying an additional 15,393 shares in the last quarter. InterOcean Capital Group LLC boosted its position in Linde by 12.5% during the first quarter. InterOcean Capital Group LLC now owns 730 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 81 shares during the last quarter. Vident Advisory LLC grew its stake in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after acquiring an additional 2,337 shares in the last quarter. Finally, Delap Wealth Advisory LLC purchased a new stake in Linde during the 1st quarter valued at about $352,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $444.06 on Wednesday. The stock has a market capitalization of $211.44 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.88 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a 50-day simple moving average of $469.39 and a 200-day simple moving average of $453.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays lifted 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. JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday. Finally, Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. 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 MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’s 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 of the company’s stock, valued at $8,136,996. This trade represents a 36.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

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.