Linde plc (NASDAQ:LIN) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in Linde plc (NASDAQ:LIN - Free Report) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,658 shares of the basic materials company's stock after purchasing an additional 4,139 shares during the quarter. Assetmark Inc.'s holdings in Linde were worth $25,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Vanguard Group Inc. lifted its position in Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company's stock worth $20,744,033,000 after acquiring an additional 405,952 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company's stock worth $1,513,551,000 after purchasing an additional 15,187 shares during the period. Canada Pension Plan Investment Board grew its position in Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company's stock valued at $1,365,647,000 after buying an additional 218,746 shares during the last quarter. Impax Asset Management Group plc increased its stake in Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock valued at $1,130,986,000 after buying an additional 56,775 shares during the period. Finally, Clearbridge Investments LLC raised its position in Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company's stock worth $874,908,000 after buying an additional 160,355 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Bank of America boosted 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 target price on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $490.75.

Linde Trading Down 1.3 %

Shares of LIN traded down $5.99 on Friday, hitting $459.48. 1,496,836 shares of the stock traded hands, compared to its average volume of 1,691,900. Linde plc has a 1 year low of $390.38 and a 1 year high of $487.49. The stock's 50 day moving average is $471.60 and its two-hundred day moving average is $452.35. The firm has a market capitalization of $218.79 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.94 and a beta of 0.94. 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 (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for 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 quarter last year, the firm earned $3.63 earnings per share. As a group, sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. Linde's dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company's stock.

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.