Atria Investments Inc grew its stake in Linde plc (NASDAQ:LIN - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,924 shares of the basic materials company's stock after purchasing an additional 1,570 shares during the period. Atria Investments Inc's holdings in Linde were worth $14,746,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of Linde in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in Linde in the second quarter worth $33,000. Kozak & Associates Inc. bought a new stake in shares of Linde during the third quarter worth $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde in the second quarter valued at $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde in the third quarter valued at about $43,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Barclays raised their target price 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. Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Linde has an average rating of "Moderate Buy" and a consensus price target of $490.75.
Check Out Our Latest Stock Analysis on Linde
Insider Buying and Selling at Linde
In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 owns 17,584 shares of the company's stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.
Linde Stock Performance
NASDAQ:LIN traded down $5.99 during mid-day trading on Friday, reaching $459.48. 1,496,836 shares of the company's stock were exchanged, compared to its average volume of 1,691,900. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $218.79 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Linde plc has a one year low of $390.38 and a one year high of $487.49. The business's fifty day simple moving average is $471.60 and its two-hundred day simple moving average is $452.35.
Linde (NASDAQ:LIN - Get Free Report) last released its earnings results 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. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $3.63 EPS. Linde's quarterly revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde's payout ratio is 42.22%.
Linde Profile
(
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.
Recommended Stories
Before you consider Linde, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Linde wasn't on the list.
While Linde currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
