Linde plc (NASDAQ:LIN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,973,175 shares of the basic materials company's stock after purchasing an additional 154,792 shares during the period. Geode Capital Management LLC owned 2.30% of Linde worth $5,217,197,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company's stock valued at $1,513,551,000 after purchasing an additional 15,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company's stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake 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 worth $1,365,647,000 after purchasing an additional 218,746 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Linde by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company's stock valued at $1,438,154,000 after purchasing an additional 50,882 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock worth $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Linde Stock Up 0.5 %

Shares of NASDAQ LIN traded up $2.23 during midday trading on Tuesday, hitting $444.81. The company's stock had a trading volume of 2,038,002 shares, compared to its average volume of 1,859,235. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market capitalization of $211.80 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The business's fifty day simple moving average is $464.12 and its two-hundred day simple moving average is $455.40. Linde plc has a 1 year low of $396.07 and a 1 year 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 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. 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%.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Erste Group Bank restated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $490.75.

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.