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

GLOBALT Investments LLC GA increased its holdings in shares of Linde plc (NASDAQ:LIN) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,341 shares of the basic materials company’s stock after purchasing 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 SEC.

Several other hedge funds have also recently bought and sold shares of the business. MAI Capital Management increased its holdings in Linde by 1.8% in the 3rd quarter. MAI Capital Management now owns 28,890 shares of the basic materials company’s stock valued at $13,777,000 after purchasing an additional 521 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Linde by 4.5% in the third quarter. AMG National Trust Bank now owns 3,391 shares of the basic materials company’s stock valued at $1,617,000 after buying an additional 146 shares in the last quarter. S&CO Inc. raised 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 valued at $12,443,000 after buying an additional 96 shares during the period. Claro Advisors LLC lifted its position in Linde by 21.4% during the 3rd quarter. Claro Advisors LLC now owns 2,783 shares of the basic materials company’s stock worth $1,327,000 after acquiring an additional 491 shares in the last quarter. Finally, Concord Asset Management LLC VA boosted its holdings in Linde by 12.0% in the 3rd quarter. Concord Asset Management LLC VA now owns 4,751 shares of the basic materials company’s stock worth $2,266,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde 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 value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Linde Stock Down 0.1 %

Shares of NASDAQ:LIN opened at $448.57 on Tuesday. The company’s fifty day moving average is $469.79 and its two-hundred day moving average is $453.00. 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 plc has a 1-year low of $396.07 and a 1-year high of $487.49. The stock has a market capitalization of $213.59 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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 firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 earnings per share. Equities analysts anticipate that Linde plc will post 15.48 EPS 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 given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

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

About Linde

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.