Entropy Technologies LP Invests $3.48 Million in Linde plc (NASDAQ:LIN)

Entropy Technologies LP purchased a new stake in Linde plc (NASDAQ:LIN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,300 shares of the basic materials company's stock, valued at approximately $3,481,000.

Several other large investors have also made changes to their positions in the business. Avantax Advisory Services Inc. lifted its stake in shares of Linde by 4.2% in the first quarter. Avantax Advisory Services Inc. now owns 20,203 shares of the basic materials company's stock valued at $9,381,000 after buying an additional 820 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Linde by 3.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 537,793 shares of the basic materials company's stock worth $249,708,000 after purchasing an additional 16,206 shares in the last quarter. Interchange Capital Partners LLC increased its position in shares of Linde by 8.4% during the first quarter. Interchange Capital Partners LLC now owns 544 shares of the basic materials company's stock valued at $253,000 after purchasing an additional 42 shares during the period. Angeles Wealth Management LLC raised its stake in shares of Linde by 32.5% in the first quarter. Angeles Wealth Management LLC now owns 2,416 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 593 shares in the last quarter. Finally, Souders Financial Advisors lifted its position in Linde by 1.5% in the first quarter. Souders Financial Advisors now owns 8,641 shares of the basic materials company's stock worth $4,012,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business'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 transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company's stock, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Finally, BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $490.75.

Linde Stock Down 0.2 %

Shares of LIN traded down $0.85 on Tuesday, hitting $455.59. The company's stock had a trading volume of 1,748,961 shares, compared to its average volume of 1,836,037. The firm's fifty day moving average price is $471.16 and its 200-day moving average price is $452.49. Linde plc has a fifty-two week low of $395.00 and a fifty-two week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $216.93 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.94 and a beta of 0.94.

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 for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion during 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%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 EPS. On average, equities research analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde's payout ratio is currently 42.22%.

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.