Benjamin Edwards Inc. Buys 25,610 Shares of Linde plc (NASDAQ:LIN)

Benjamin Edwards Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 2,244.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,751 shares of the basic materials company's stock after buying an additional 25,610 shares during the period. Benjamin Edwards Inc.'s holdings in Linde were worth $12,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Linde by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company's stock worth $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 increased its holdings in Linde by 372.8% during the 3rd 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 purchasing an additional 2,592,682 shares in the last quarter. Canada Pension Plan Investment Board raised its position 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 valued at $1,365,647,000 after purchasing an additional 218,746 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $1,438,154,000 after purchasing an additional 50,882 shares in the last quarter. Finally, Impax Asset Management Group plc increased its stake in shares of Linde by 2.4% in the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock valued at $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Institutional investors 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 company's stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Mizuho upped their target price on shares of 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 lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a "buy" 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 stock a "buy" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $490.75.

Linde Trading Down 0.1 %

Shares of LIN stock traded down $0.66 during trading hours on Tuesday, hitting $457.64. 530,988 shares of the company's stock traded hands, compared to its average volume of 1,843,761. The stock has a market cap of $217.91 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The stock's 50 day simple moving average is $467.20 and its 200 day simple moving average is $454.55. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 EPS. On average, sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

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

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.