Fiera Capital Corp Cuts Position in Linde plc (NASDAQ:LIN)

Fiera Capital Corp lessened its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 474,175 shares of the basic materials company's stock after selling 20,323 shares during the period. Fiera Capital Corp owned about 0.10% of Linde worth $226,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock valued at $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Nwam LLC boosted its holdings in Linde by 2.5% in the first quarter. Nwam LLC now owns 966 shares of the basic materials company's stock valued at $421,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN traded down $5.99 during trading on Friday, reaching $459.48. The company had a trading volume of 1,496,721 shares, compared to its average volume of 1,835,682. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $218.79 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. The company has a fifty day moving average of $471.60 and a two-hundred day moving average of $452.30. Linde plc has a 12 month low of $390.38 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly 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 firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the firm earned $3.63 EPS. Linde's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Barclays increased 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. Finally, JPMorgan Chase & Co. boosted 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 issued a buy rating to the company. According to MarketBeat, Linde currently has a consensus rating of "Moderate Buy" and an average target price of $490.75.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the company's stock in a transaction 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 completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.60% of the company's stock.

Linde Company 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.