ING Groep NV boosted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 78.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 598,757 shares of the basic materials company's stock after purchasing an additional 262,691 shares during the quarter. Linde comprises 1.7% of ING Groep NV's portfolio, making the stock its 11th biggest holding. ING Groep NV owned 0.13% of Linde worth $285,523,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Summit Securities Group LLC bought a new stake in Linde in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC bought a new stake in Linde in the 2nd quarter worth approximately $33,000. Kozak & Associates Inc. bought a new stake in Linde in the 3rd quarter worth approximately $34,000. J.Safra Asset Management Corp bought a new position in shares of Linde during the 2nd quarter valued at approximately $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at approximately $43,000. Institutional investors own 82.80% of the company's stock.
Insider Transactions at Linde
In related news, VP John Panikar sold 10,025 shares of the company's stock in a transaction dated 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 directly owns 17,584 shares of the company's stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Mizuho boosted 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. Bank of America boosted their target price on Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, Barclays boosted their price objective on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Linde currently has an average rating of "Moderate Buy" and a consensus target price of $490.75.
View Our Latest Stock Analysis on LIN
Linde Stock Down 0.6 %
Shares of LIN stock traded down $2.75 during mid-day trading on Thursday, hitting $453.49. The stock had a trading volume of 1,666,727 shares, compared to its average volume of 1,833,949. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The firm has a market capitalization of $215.93 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The firm's 50-day moving average is $470.47 and its two-hundred day moving average is $452.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.
Linde (NASDAQ:LIN - Get Free Report) last released 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. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 EPS. On average, analysts predict that Linde plc will post 15.48 earnings per share for the current fiscal year.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde's payout ratio is 42.22%.
About Linde
(
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.
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