Segall Bryant & Hamill LLC bought a new stake in Linde plc (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,053 shares of the basic materials company's stock, valued at approximately $22,915,000.
Other large investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Linde in the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the second quarter valued at $33,000. Kozak & Associates Inc. purchased a new stake in shares of Linde in the 3rd quarter valued at $34,000. J.Safra Asset Management Corp acquired a new position in Linde during the 2nd quarter worth about $42,000. Finally, Capital Performance Advisors LLP purchased a new position in Linde during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 82.80% of the company's stock.
Linde Stock Performance
LIN traded up $2.02 on Wednesday, reaching $446.08. The company had a trading volume of 606,085 shares, compared to its average volume of 1,831,860. 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 1 year low of $396.07 and a 1 year high of $487.49. The stock has a market capitalization of $212.41 billion, a PE ratio of 33.72, a P/E/G ratio of 2.88 and a beta of 0.94. The stock has a 50-day moving average price of $469.39 and a 200-day moving average price of $453.14.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results 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. The firm had revenue of $8.36 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 EPS. As a group, research analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, December 3rd. Linde's dividend payout ratio is currently 42.22%.
Insiders Place Their Bets
In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft increased 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. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Barclays boosted their target price on Linde from $460.00 to $510.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Erste Group Bank restated a "hold" rating on shares of Linde in a report on Tuesday. Finally, BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $490.75.
View Our Latest Report on Linde
About Linde
(
Free Report)
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.
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